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Last Updated: Jul 21, 2026

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CMT Association CMT-Level-I Exam Syllabus Topics:

SectionWeightObjectives
Ethics and Professional Standards3%- Code of Ethics and Standards of Professional Conduct
Classical Techniques33%- Chart Pattern Analysis
- Technical Indicators
- Trend Analysis
- Chart Types and Construction
- Cycles and Seasonality
Advanced Techniques26%- Statistical and Quantitative Analysis
- Systematic Trading Methods
- Volatility Analysis
- Risk Management Basics
- Cross-Asset Analysis
Theory and History38%- Evolution of Technical Analysis
- Behavioral Finance and Market Principles
- Key Concepts and Terminology

CMT Association CMT Level 1 Sample Questions:

1. On a head and shoulders top, the "head" is typically made on:

A) Light volume
B) Breakout volume
C) Active volume
D) Normal volume


2. The key variable in the CAPM (Capital Asset Pricing Model) equation is:

A) Rho
B) Delta
C) Alpha
D) Beta


3. The CORRECT interpretation of the candlestick umbrella pattern is they:

A) Can be either bullish or bearish reversal patterns
B) Are called hammers after an uptrend
C) Can be either bullish or bearish continuation patterns
D) Are bullish after a rally


4. A method to improve a trading system utilizing band penetrations as trading signals, which is giving too many unprofitable trade signals, is to utilize:

A) Stop loss orders
B) A shorter time horizon
C) A wider range of price movement
D) A narrower range of price movement


5. Over a period of 4 weeks, a swing trader notices that for a particular security the ADX reading has declined from a high of 45 to a current low of 15. What tool may best help the trader isolate a trading opportunity over the next few days?

A) A linear regression line
B) A simple moving average
C) An exponential moving average
D) An oscillator


Solutions:

Question # 1
Answer: A
Question # 2
Answer: D
Question # 3
Answer: A
Question # 4
Answer: C
Question # 5
Answer: D

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