PassCMT learning library
CMT study guides
Work through the evidence, the calculation, and the decision. Each guide connects a concept to an example you can reason through and a self-check you can explain.
CMT Exam Guide 2026: Levels, Curriculum, Costs, and a Study Plan
A current, sourced map of the CMT program with all three exam formats, domain weights, registration, charter steps, and preparation.
Open the complete guideCMT Study Plan: Build a Syllabus-Led Routine for All Three Levels
A practical planning guide that turns the current CMT curriculum into weekly reading, recall, chart work, and error review.
Technical Indicators Explained: How to Choose and Audit a Signal
Learn an indicator-selection workflow using moving averages, momentum, bands, and volume without treating a threshold as a forecast.
Chart Patterns: A Field Method for Reading Market Structure
Use a repeatable checklist to identify, measure, and invalidate reversal and continuation patterns on charts.
Dow Theory Fundamentals: Read Trends, Confirmations, and Warnings
A practical Dow Theory primer built around chart observations, the closing price, and the difference between warning and reversal.
Fibonacci Analysis Workshop: Choose Anchors and Test a Retracement
Practice constructing Fibonacci levels from explicit swings and auditing whether a level added value to a real decision.
Behavioral Finance for CMT Study: Diagnose a Decision Before a Trade
Use a decision journal to spot anchoring, confirmation, loss aversion, and crowd effects in technical analysis.
Dow Theory for CMT Candidates: Six Principles, One Coherent Trend Test
Understand each Dow Theory principle and combine averages, closes, volume, phases, and reversal evidence without overclaiming certainty.
Chart Patterns for CMT Candidates: Structures, Objectives, and Failed Breaks
Compare major reversal and continuation structures with worked objective math and explicit breakout failure rules.
Technical Indicators for CMT Candidates: Formulas, Signals, and Limits
Compare the construction and interpretation of averages, RSI, MACD, stochastic, Bollinger Bands, and VWAP with original arithmetic.
Market Breadth for CMT Candidates: Count Participation, Then Test It
Use advance-decline data, new highs, and volume participation to examine whether an index move is broad or narrow.
Statistics for CMT Candidates: Describe Data Before Testing a Signal
Work through returns, dispersion, correlation, regression, and test design without mistaking association for a trading edge.
CMT Ethics and Professional Standards: Resolve the Case, Document the Duty
Study the current Code and Standards through practical analyst decisions about evidence, clients, conflicts, and communication.
Fibonacci Analysis for CMT Candidates: Ratios, Projections, and Wave Context
Calculate retracements and extensions, compare anchor choices, and use Fibonacci relationships as conditional evidence.
Behavioral Finance for the CMT Exam: Biases and Decision Rules
Identify investor biases, test crowd hypotheses, and build a rule that survives a losing trade.
Intermarket Analysis for the CMT Exam: Test Cross-Asset Relationships
Compare assets with normalized returns, relative strength, a plausible mechanism, and an invalidation rule.
Risk Management for the CMT Exam: Position Size to Tail Loss
Calculate a position from a loss budget, then test drawdown, gap, concentration, and VaR limits.
Volatility Analysis for the CMT Exam: ATR, Bands, and Implied Risk
Compare ATR, historical and implied volatility; work through a VIX range without treating it as a forecast.
Portfolio Management for the CMT Exam: From Signal to Weight
Build a tactical allocation that respects policy bands, concentration, costs, and rebalancing rules.
Elliott Wave Theory for the CMT Exam: Counts, Constraints, and Alternatives
Learn motive and corrective waves as a disciplined scenario tool, with an explicit alternate count and invalidation.
Candlestick Patterns for the CMT Exam: Read Context and Confirmation
Read candle bodies and shadows, then test reversal patterns with trend, location, volume, and invalidation.
Moving Averages for the CMT Exam: Trend, Lag, and Execution
Compare SMA and EMA, interpret crossovers, and build a trend rule that controls whipsaws and look-ahead bias.
CMT Level I Study Guide: Build the Technical-Analysis Foundation
Use the official 2026 blueprint to plan Level I, diagnose gaps, and practice applied recall without false pass targets.
CMT Level II Study Guide: Apply and Defend Your Analysis
Plan Level II around applied chart work, cross-asset interpretation, volatility, model evaluation, and risk.
CMT Level III Study Guide: Write a Defensible Market Decision
Prepare for integrated cases and mostly short written answers with concise recommendations, risk controls, and timing.
CMT Exam Study Tips: A Practical Retrieval and Review System
Turn official learning objectives, diagnostics, error logs, and timed practice into a repeatable study routine.
CMT vs. CFA in 2026: Choose by the Work You Want to Do
Compare curriculum, exam style, charter requirements, and career fit using current official sources.
Support and Resistance for CMT Candidates: Define Levels and Trade the Failure
Learn to mark price zones, understand polarity, compare arithmetic and log scales, and specify break and invalidation rules.
Trendlines and Trend Analysis for CMT Candidates: Draw, Validate, Reassess
Use swing structure, chart scale, trendline touches, channels, and failure rules to analyze direction without redrawing history.
Volume Analysis for CMT Candidates: Participation, OBV, VWAP, and Open Interest
Calculate and interpret common volume measures while separating observed participation from a claim about informed buying.
Point-and-Figure Charting for CMT Candidates: Boxes, Reversals, Counts
Construct X and O columns, identify a double-top break, and calculate an explicit vertical-count scenario.
Relative Strength Analysis for CMT Candidates: Ratios, Rankings, and Rotation
Distinguish relative performance from RSI, calculate a benchmark ratio, and build a conditional sector-ranking process.
Wyckoff Market Phases for CMT Candidates: Evidence, Tests, and Failed Breaks
Interpret accumulation and distribution as hypotheses built from price and volume rather than labels assigned with hindsight.
Gann Angles and Square of Nine: Supplemental Chart Geometry
Understand the scale dependence and testability of Gann-style price-time constructions while keeping official CMT scope clear.
Market Cycles and Seasonality for CMT Candidates: Measure Before You Forecast
Distinguish repeating price oscillations from calendar effects, calculate a seasonal average, and test cycle stability.
Sentiment Indicators for CMT Candidates: Options, Surveys, VIX, and COT
Compare what different sentiment measures actually observe, calculate simple ratios, and define a price trigger before acting.
Backtesting Trading Systems for CMT Candidates: Specify, Simulate, Challenge
Build a testable rule, calculate trade economics, and detect look-ahead, survivorship, overfitting, and execution errors.
Position Sizing for the CMT Exam: Match Units to Risk
Compare stop-based, volatility-based, and portfolio-cap sizing with one trade that binds on liquidity.
Sector Rotation for the CMT Exam: Rank, Allocate, Rebalance
Build a relative-strength sector rotation process that respects absolute trend, concentration, and turnover.
Options and Technical Analysis for the CMT Exam: Use Volatility Carefully
Connect option sentiment and implied volatility to a chart setup while separating curriculum scope from enrichment.
Mean Reversion and Momentum: Choose the Market Regime
Compare two opposing strategies through entry, invalidation, costs, and a worked range-to-trend transition.
Breakout Trading for the CMT Exam: Confirm, Size, and Exit
Define a breakout before the move, then plan confirmation, failed-break handling, and realistic execution.
Multi-Timeframe Analysis for the CMT Exam: Align Context and Trigger
Use higher, middle, and lower chart intervals for different questions while avoiding duplicated signals.
Algorithmic Trading for the CMT Exam: Test Rules Before Automation
Turn a chart idea into an explicit system, then examine data leakage, costs, robustness, and live controls.
Advanced Candlesticks for the CMT Exam: Confirm Multi-Bar Context
Interpret multi-candle patterns through trend, support, volume, confirmation, and a preplanned failed-pattern response.
Market Microstructure for CMT Candidates: Liquidity and Execution
Understand bid-ask spread, depth, order types, and why a chart signal can fail when translated into an order.
Trading Psychology for the CMT Exam: Make Discipline Observable
Use precommitment, a decision journal, and process measures to separate emotional errors from ordinary losses.