Exam Process and Prep Course

To become CEWA-certified and use the CEWA designation, you must pass all three exams. All exams are computer graded and those results then reviewed by Elliott Wave International to ensure a consistent, objective, accurate report. Exams II and III are proctored by Mercer Mettl.

Exam I

You may register for Exam 1 via the link at the bottom of this page or by contacting the CEWA team at [email protected].

You can take up to one year from the date of registration to prepare for and take the exam (including retakes).

Exam Duration: 60 minutes
Exam Format: Online with multiple-choice, true/false questions
Grading: Pass/Fail (80% required to pass)
Exam fee: $300 ($150 per retake)

The exam fee includes access to the Exam I Prep Course ($200 value). The prep course includes:

• 8 video lessons
• Supplemental text below the videos
• A quiz at the end of each lesson
• A live Q&A session with a certified Elliott Wave instructor (Joint session with Exam I & II students June 12, 2024)

You can review the lessons when and as often as you want between when you sign up and when you take your exam. We suggest, however, that you start your Exam I Prep Course as soon as possible so that you finish before the live Q&A.

Exams II and III (Available to candidates who pass Exam 1)

Once you pass Exam I, you are eligible to take Exams II and III. Register by contacting the CEWA team at [email protected]. You must purchase Exams II and III together. You will have one year from your registration date to study for and take both Exams II and III (including retakes).

You can take Exams II and III in whichever order you wish.

Exam II

Exam Duration: 1.5 hours (Once you begin Exam II, you have 72 hours to complete it.)

Test 1: 45 minutes

Test 2: 45 minutes

Exam Format: Online, proctored by Mercer Mettl. Two individual test sections including multiple-choice and multiple response.

Grading: You must score no lower than 80% on any test section, thus achieving an overall score of at least 80%. Those that score 90% or greater on Exams II and III will receive a Masters (CEWA-M) designation.

Exam fee: $1500 (price includes Exam III) ($250 per test per retake)

Your exam fee includes access to the Exam II Prep Course ($200 value). The prep course includes:

• 5 lessons comprising videos and text from key resources
• A live Q&A session with a certified Elliott Wave instructor (Joint session with Exam I & II students June 12, 2024)

Again, you can review the lessons when and as often as you want between when you sign up and when you take your exam.

Exam III

Exam Duration: 3.75 hours. (Once you begin Exam III, you have 72 hours to complete it.)

Test 1: 75 minutes

Test 2: 75 minutes

Test 3: 75 minutes

Exam Format: Online, proctored by Mercer Mettl. Three individual test sections, all regarding chart labeling.

Grading: You must score no lower than 80% on any test section, thus achieving an overall score of at least 80%. Those that score 90% or greater on Exams II and III will receive a Masters (CEWA-M) designation.

Exam fee: $1500 (price includes Exam II) ($250 per test per retake)

Your exam fee includes access to the Exam III Prep Course ($200 value). The prep course includes:

• 4 lessons focused on labeling Elliott wave patterns and identifying wave counts
• An interactive chart labelling practice area
• A live Q&A session with a certified Elliott Wave instructor (TBD)

Again, You can review the lessons when and as often as you want between when you sign up and when you take your exam.

What Happens When You Pass Exams I, II and III?

When you pass ALL THREE exams, you become a Certified Elliott Wave Analyst! You may use the post-nominal letters CEWA and display the CEWA insignia on your printed and online materials. When you pass Exams II and III with a CEWA Master designation, you may use the post-nominal letters CEWA-M and the CEWA-M insignia.

We will send you a signed, personalized CEWA Certificate in the mail. You may elect to have your name (and company name and website, if applicable) displayed on our CEWA Graduates webpage on elliottwave.com. Those who achieve the CEWA Master designation will receive a special Master-level Certificate and can choose to have their information displayed in the CEWA Masters section of the CEWA Graduates webpage.

You may refer employers, clients and the public to the CEWA Graduates webpage for verification.

If you are interested in certifying your Elliott wave knowledge or working as a professional in the field of technical analysis, the CEWA certification is the most comprehensive and rigorous assessment of its kind and is the ultimate accreditation of your proficiency.