What Happens in Commodities after a Consolidation Commodities Trading Chart Pattern in Commodities?

A consolidation commodity chart pattern is a bilateral commodity chart pattern that signals the commodities price is taking a break and the buyers and sellers in the commodity market are yet to decide on which side the commodity market will move - this shows that there is a tug of war between the two and neither side can gain control of the commodities market.

This consolidation commodity chart pattern can continue for some time until eventually one side of the commodity market wins and a new commodity trend forms in the direction of the commodity market to which the consolidation commodities price breakout moves to.

If the commodities price breaks out to the upwards side then the commodity trend is considered to be a bullish upwards trend.

If the commodities price breaks out to the downwards side then the commodity trend is considered to be a bearish downwards trend.

Traders can decide which side of the consolidation to trade once the commodities price breakout happens and not before the commodities price breakout.