Trading Reversal Crude Oil Patterns and Continuation Crude Oil Trading Chart Patterns
Crude Oil Patterns – Crude Oil Technical Analysis Trading Chart Patterns Oil Trading Strategiesoil chart patterns are graphical representations of repeating crude crude oil price action formations that are commonly used in the crude oil trading market.
Crude Oil Trading Chart Patterns is one of the studies used in oil technical analysis to help oil traders learn how to recognize these repeating Crude Oil Trading Chart Patterns formations.
These Crude Oil Trading Chart Patterns are important in oil trading because when the oil market is not moving in a particular direction it is forming a oil chart pattern. It is important to know these Crude Oil Trading Chart Patterns formations so as to have an idea of what might be the next move in the crude oil trading market.
When crude crude oil price movements are drawn there are several Crude Oil Trading Chart Patterns formations that occur naturally and repeat themselves over and over again. These Crude Oil Trading Chart Patterns formations are used by a lot of oil technical traders to predict the next oil market move.
Traders often study these Crude Oil Trading Chart Patterns formations to gauge supply and demand forces that form the basis for crude crude oil price fluctuations.
These Crude Oil Patterns are classified into Three different categories:
1. Reversal Crude Oil Trading Chart Patterns
- Double tops Crude Oil Trading Chart Patterns
- Double bottoms Crude Oil Trading Chart Patterns
- Head and shoulders Crude Oil Trading Chart Patterns
- Reverse head and shoulders Crude Oil Trading Chart Patterns
2. Continuation Crude Oil Trading Patterns
- Ascending triangle Crude Oil Trading Chart Patterns
- Descending triangle Crude Oil Trading Chart Patterns
- Bull flag/pennant Crude Oil Trading Chart Patterns
- Bear flag/pennant Crude Oil Trading Chart Patterns
3. Bilateral
- Symmetric triangle - Consolidation Crude Oil Trading Chart Patterns
- Rectangle – Range Crude Oil Trading Chart Patterns
Reversal patterns - Crude Oil Trading Chart Patterns - confirm the reversal of the oil market oil trend once this reversal oil chart pattern setup is confirmed. These Reversal Crude Oil Trading Chart Patterns are formed after extended oil market oil trend either upward or downward and these reversal oil patterns signal that the oil market is ready to reverse.
Continuation patterns Crude Oil Trading Chart Patterns - are formations that set up the oil market for a oil trend continuation move in direction of the prior Oil trend. These Continuation Crude Oil Trading Chart Patterns are formed when the oil market is taking a break before continuing in the same direction of the previous Oil trend.
Consolidation patterns Crude Oil Trading Chart Patterns - form when the oil market is taking a break before deciding the next direction to take. When these Consolidation Crude Oil Trading Chart Patterns are formed - the oil market is trying to decide which direction to trade.
Technical Crude Oil Trading Chart Analysis of Crude Oil Trading Chart Patterns
There are two types of oil chart analysis, these 2 may seem similar but are not: the 2 are:
- Japanese Candlesticks Patterns - Study of a single oil candle - Read Japanese Oil Trading Candlesticks Patterns
- Crude Oil Patterns – Study of a series of oil candlesticks formations
(This learn oil tutorial is about the second option above - Crude Oil Trading Chart Patterns)
The different topics for these two types oil analysis are:
Japanese Crude Oil Candles
Crude Oil Patterns Tutorials
The examples below also illustrate the difference of the formations of these two oil technical analysis methods.
Candlesticks Patterns - Study of a single candlestick
Crude Oil Patterns – Study of a series of crude oil candle s
