What Happens in Oil Trading after a Consolidation Crude Oil Trading Chart Pattern in Oil?

A consolidation oil pattern is a bilateral oil chart pattern that signals the crude crude oil price is taking a break and buyers & sellers in oil market are yet to decide on which side the oil market will move - this shows that there is a tug of war between the 2 & neither side can gain control of the crude oil trading market.

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

If the crude crude oil price breaks out to the upwards side then the oil trend is considered to be a bullish upward trend.

If the crude crude oil price breaks out to the downwards side then the oil trend is considered to be a bearish downward trend.

Traders can decide which side of the consolidation to trade once the crude crude oil price breakout happens & not before the crude crude oil price breakout.