What are Commodity Trading 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 technical analysis for continuation commodity chart patterns:
- Ascending triangle Continuation Commodities Trading Chart Pattern Technical Analysis
- Descending triangle Continuation Commodities Trading Chart Pattern Technical Analysis
- Bull flag Continuation Commodities Trading Chart Pattern Technical Analysis
- Bear flag Continuation Commodities Trading Chart Pattern Technical Analysis
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.
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 Analyze Ascending Triangle Commodities Trading Chart Pattern - Ascending Triangle Continuation Commodities Trading Chart Pattern Technical Analysis
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.
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 Analyze Descending Triangle Commodities Trading Chart Pattern - Descending Triangle Continuation Commodities Trading Chart Pattern Technical Analysis
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.
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 Analyze Bull Flag Commodities Trading Chart Pattern - Bull Flag Continuation Commodities Trading Chart Pattern Technical Analysis
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.
How to Analyze Bear Flag Commodities Trading Chart Pattern - Bear Flag Continuation Commodities Trading Chart Pattern Technical Analysis
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.
