How to Commodities Trade Continuation Commodities Trading Chart Pattern in Commodities
Continuation Commodities Trading Chart Patterns
When these continuation commodity chart patterns are formed on the commodities charts they confirm that the current commodities trend is going to continue moving in the same direction.
These continuation commodity patterns are used by commodities traders to identify halfway points of the commodity trend, this is because they form at the halfway point of a commodities trend.
There are four types of continuation commodity chart patterns:
- Ascending triangle continuation commodity chart pattern
- Descending triangle continuation commodity chart pattern
- Bull flag/pennant continuation commodity chart pattern
- Bear flag/pennant continuation commodity chart pattern
Ascending Triangle Continuation Commodities Trading Chart Pattern
The ascending triangle commodity chart pattern is formed in an upward commodity trend and it shows that the upward commodity market direction of the commodity market is going to continue.
Ascending triangle commodity chart pattern shows that there is a resistance level that the buyers keep pushing each time moving it higher, and once it breaks commodities price will continue moving in an upward commodities trend.
The overhead resistance temporarily prevents the commodity market from advancing higher, while the rising commodity trend line beneath the ascending triangle commodity chart pattern signals that buyers are still present. An upside penetration of the upper line of the ascending triangle commodity chart pattern is a technical buy commodity signal for a market breaking out from an ascending triangle pattern.
Found within a Commodities upward trend, the ascending triangle pattern forms as a consolidation period within the commodity up trend and indicates upside continuation will follow.
How to Trade Ascending Triangle Commodities Trading Chart Pattern - Ascending Triangle Continuation Commodities Trading Chart Pattern
The market formed an ascending triangle pattern during its upward commodity market commodity trend which led to upside continuation.
The buy commodity signal point is when commodities price clears the upper sloping line of the ascending triangle commodity chart pattern and the commodity market continues moving upwards.
Descending Triangle Continuation Commodities Trading Chart Pattern
The descending triangle commodity chart pattern is formed in a downward commodity trend and it shows that the downward direction of commodities price movement is going to continue.
Descending triangle commodity chart pattern shows that there is a support level that the sellers keep pushing each time moving it lower, and once it breaks commodities price will continue moving in a downwards commodity trend direction.
The support temporarily prevents the commodity market from declining, while the descending sloping line above the descending triangle commodity chart pattern signals that sellers are still present. A downside penetration of the lower line of the descending triangle pattern is a technical sell commodity signal for a market breaking down from a descending triangle pattern, and indicates selling will follow.
Found within a Commodities downward trend, the descending triangle pattern forms as a consolidation period within the downward commodity trend and indicates downside continuation will follow.
How to Trade Descending Triangle Commodities Trading Chart Pattern - Descending Triangle Continuation Commodities Trading Chart Pattern
The market formed a descending triangle commodity chart pattern during its downward commodity trend which led to further selling and continuation of the downward commodities trend.
The technical sell commodity signal is when commodities price breaks the lower horizontal sloping line of the descending triangle commodity chart pattern as selling resumes to push the commodity market lower.
Bull Flag Continuation Commodities Trading Chart Pattern
Bull flag commodity chart pattern forms what looks like a rectangle. The rectangle is formed by two parallel lines that act as support and resistance for the commodities price until the commodities price breaks out. In general, the flag will not be perfectly flat but it will be sloping.
The bull flag commodity chart pattern is found within a Commodities upward trend. In this continuation commodity chart pattern where the commodity market retraces slightly, it is therefore a slight retracement with narrow commodities price action that has a slight downward tilt.
The technical buy commodity signal is when commodities price penetrates the upper line of the Bull flag pattern. The flag portion has highs and lows which can be connected by small lines which are parallel, giving it the look of a small channel.
Bull flag commodity chart pattern occurs at halfway point of a bullish upward commodity market commodity trend and after a breakout a similar move equal to the height of the flagpole is expected.
How to Trade Bull Flag Commodities Trading Chart Pattern - Bull Flag Continuation Commodities Trading Chart Pattern
The Bull flag commodity chart pattern above was just a resting period as the commodity market gathered strength to break out and move higher.
The Bull flag commodity chart pattern continuation commodity signal was confirmed as the upper line of the Bull flag commodity chart pattern was broken to the upside.
Bear Flag Continuation Commodities Trading Chart Pattern
Bear flag commodity chart pattern flag is found in a Commodity downward trend.
The Bear flag commodity chart pattern is a continuation commodity chart pattern where the commodities price retraces slightly with a narrow commodities price action that has a slight upward tilt.
The technical sell commodity signal is when commodities price penetrates the lower line of the inverted flag. The flag portion has highs and lows which can be connected by small lines which are parallel, giving it the look of a small channel.
How to Trade Bear Flag Commodities Trading Chart Pattern - Bear Flag Continuation Commodities Trading Chart Pattern
The Bear flag commodity chart pattern above was just a resting period for the commodity market prior to more selling.
The Bear flag commodity chart pattern continuation signal was confirmed as the lower line of the Bear flag commodity chart pattern was broken to the downside.
