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