Chartered Market Technician -
Level 1 (CMT L1) Questions and
Answers 100% Correct
Cycles are GENERALLY measured
a. High to low
b. Low to low
c. High to high
d. Either b or c - CORRECT ANSWER-Answer: 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 - CORRECT ANSWER-Answer: 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 - CORRECT ANSWER-
Answer: 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?
COPYRIGHT ALL RIGHTS RESERVED ©️ 2025
,a. Phase
b. Period
c. Amplitude
d. None of the above - CORRECT ANSWER-Answer: 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 - CORRECT ANSWER-Answer: 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 - CORRECT ANSWER-Answer: b. Logarithmic chart
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The
Complete Resource for Financial Market Technicians. Chapter 11.
In a normal 5-wave Elliott impulse wave, which wave is USUALLY expected to be
the longest and most dynamic?
a. 3rd
b. 5th
c. 1st
d. 1st but sometimes 3rd - CORRECT ANSWER-Answer: a. 3rd
COPYRIGHT ALL RIGHTS RESERVED ©️ 2025
Level 1 (CMT L1) Questions and
Answers 100% Correct
Cycles are GENERALLY measured
a. High to low
b. Low to low
c. High to high
d. Either b or c - CORRECT ANSWER-Answer: 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 - CORRECT ANSWER-Answer: 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 - CORRECT ANSWER-
Answer: 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?
COPYRIGHT ALL RIGHTS RESERVED ©️ 2025
,a. Phase
b. Period
c. Amplitude
d. None of the above - CORRECT ANSWER-Answer: 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 - CORRECT ANSWER-Answer: 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 - CORRECT ANSWER-Answer: b. Logarithmic chart
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The
Complete Resource for Financial Market Technicians. Chapter 11.
In a normal 5-wave Elliott impulse wave, which wave is USUALLY expected to be
the longest and most dynamic?
a. 3rd
b. 5th
c. 1st
d. 1st but sometimes 3rd - CORRECT ANSWER-Answer: a. 3rd
COPYRIGHT ALL RIGHTS RESERVED ©️ 2025
