What are Oil Trading Continuation Crude Oil Trading Chart Patterns?
When these continuation crude oil trading chart patterns are formed on the crude oil charts they confirm that the current oil trend is going to continue moving in the same direction.
These continuation oil patterns are used by crude oil traders to identify halfway points of the oil trend, this is because they form at the halfway point of a crude oil trend.
There are four types of technical analysis for continuation crude oil trading patterns:
- Ascending triangle Continuation Crude Oil Chart Pattern Technical Analysis
- Descending triangle Continuation Crude Oil Chart Pattern Technical Analysis
- Bull flag Continuation Crude Oil Chart Pattern Technical Analysis
- Bear flag Continuation Crude Oil Chart Pattern Technical Analysis
Oil Technical Analysis
The ascending triangle oil pattern is formed in an upwards oil trend and it shows that upward oil market direction of the oil market is going to continue.
Found within a Oil upwards trend, the ascending triangle pattern forms as a consolidation period within the oil up trend & indicates upside continuation will follow.
How to Interpret Ascending Triangle Crude Oil Trading Pattern - Ascending Triangle Continuation Crude Oil Pattern Technical Analysis
The market formed an ascending triangle pattern during its upward oil market oil trend which led to upside continuation.
The buy oil signal point is when crude crude oil trading price clears the upper sloping line of the ascending triangle oil pattern and the oil market continues moving upwards.
Crude Oil Technical Analysis
The descending triangle oil pattern is formed in a downwards oil trend & it shows that the downward direction of crude oil price movement is going to continue.
Found within a Oil downwards trend, the descending triangle pattern forms as a consolidation period within the downwards oil trend & indicates downside continuation will follow.
How to Interpret Descending Triangle Crude Oil Trading Pattern - Descending Triangle Continuation Crude Oil Pattern Technical Analysis
The market formed a descending triangle oil chart pattern during its downward oil trend which led to further selling & continuation of the downward crude oil trend.
The technical sell oil signal is when crude crude oil trading price breaks-out the lower horizontal sloping line of the descending triangle oil pattern as selling resumes to push the oil market lower.
Oil Technical Analysis
Bull flag oil chart pattern forms what looks like a rectangle. The rectangle is formed by two parallel lines that act as support & resistance for crude crude oil trading price until the crude crude oil price breaks out. In general, the flag will not be formed perfectly flat but it will be formed sloping.
Bull flag oil pattern occurs at halfway point of a bullish upwards oil market oil trend & after a break out a similar move equal to the height of the flagpole is expected.
How to Interpret Bull Flag Oil Trading Pattern - Bull Flag Continuation Crude Oil Pattern Technical Analysis
The Bull flag oil pattern above was just a resting period as the oil market gathered strength to break-out and move higher.
The Bull flag oil chart pattern continuation oil signal was confirmed as the upper line of the Bull flag oil chart pattern was broken to the upside.
Crude Oil Technical Analysis
Bear flag oil pattern flag is found in a Crude Oil downward trend.
The Bear flag oil pattern is a continuation oil chart pattern where the crude crude oil trading price retraces slightly with a narrow crude oil price action that has a slight upward tilt.
How to Interpret Bear Flag Oil Trading Pattern - Bear Flag Continuation Crude Oil Pattern Technical Analysis
The Bear flag oil pattern above was just a resting period for the oil market prior to more selling.
The Bear flag oil pattern continuation signal was confirmed as the lower line of the Bear flag crude oil pattern was broken to the downside.
