CMT Level 1 - Sample Questions with complete solutions

CMT Level 1 - Sample Questions with complete solutions Cycles are GENERALLY measured a. High to low b. Low to low c. High to high d. Either b or c - answerAnswer: b. Low to low Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 19. This cycle principle states as stocks go through similar cycles, the size and magnitude will differ. a. Commonality b. Variation c. Summation d. Proportionality - answerAnswer: b. Variation Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 19. In regards to cycle analysis, translation is: a. Distance between troughs b. Distance between peaks c. Useful in checking where the trend direction is headed or if it is changing d. To the left when the peak is beyond the halfway point - answerAnswer: c. Useful in checking where the trend direction is headed or if it is changing Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 19. Which would be the MOST useful aspect of a cycle in studying the relationship between cycles of different lengths? a. Phase b. Period c. Amplitude d. None of the above - answerAnswer: a. Phase Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 19. A complete Elliott wave cycle is made up of how many waves? a. 5 b. 3 c. 8 d. 13 - answerAnswer: c. 8 Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 20. When analyzing long term price movements, it could be helpful to use which type of chart? a. Candle chart b. Logarithmic chart c. Bar chart d. Point and figure chart - answerAnswer: b. Logarithmic c