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CMT Association CMT-Level-II - CMT Level II Exam

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Page: 8 / 8
Total 262 questions

A morning star pattern is typically:

A.

A very small pattern consisting of two candles that is infrequently seen

B.

A continuation consisting of at least five candles

C.

A bottom reversal pattern consisting of three candles

D.

A top reversal pattern consisting of three candles

Which of the following is true of W.D. Gann's trading techniques?

A.

His work is valid for equities but does not apply to commodities

B.

When price meets time, a change is imminent

C.

Gann used 10%, 20%, 30% and 40% as his key resistance and retracement levels

D.

Gann's work is an advanced interpretation of point and figure charts

Which of the following BEST characterizes the Theory of Contrary Opinion?

A.

When virtually everyone takes the position that the market is headed in a certain direction, there is no one left to push the trend any further

B.

Always trade against the prevailing trend

C.

The future can be extrapolated based on present trends

D.

Fundamental analysis is always wrong

Which of the following patterns resonate with the price action highlighted within the black box marked 'A' & 'B'?

A.

Piercing Line & hammer

B.

Piercing Line & Evening Star

C.

Bullish Engulfing & Shooting Star

D.

Bullish Engulfing & Hanging Man

Which of the following is the best combination which results in respect to the volume and pullback in Diamond Top pattern?

A.

The best combination is when there is an upward breakout on less than normal breakout volume with no pullback

B.

The best mix is when there is a downward breakout on less than normal breakout rate and with few pullbacks

C.

The best combination is when a downward breakout happens on an under-average amount of breakout with no pullback

D.

The best combination is when there is a downward breakout at an above-average breakout rate with few pullbacks

Which of the following would BEST improve the profitability of a trend-based trading system?

A.

Use of additional trend periods

B.

Increase the delay in taking action after a trade signal is given

C.

Utilize support and resistance lines

D.

Utilize candlestick charts instead of bar charts

What is the measuring objective for double top chart pattern?

A.

The distance between the two chart tops

B.

The distance between the price level at the first top and the second top

C.

The price change of the move prior to entering the double top pattern

D.

The height of the pattern from the breakdown point

Which of the following is true of moving averages?

A.

Moving averages provide the most valid trade signals in sideways markets

B.

Moving averages provide the most valid trade signals in trending markets

C.

Moving averages always provide more valid trade signals than oscillators

D.

Oscillators always provide more valid trade signals than moving averages