Trading Reversal Patterns and Continuation Oil Trading Pattern Setups

Patterns - Crude Oil Analysis Trading Chart Patterns Trading Strategies

chart patterns are graphical illustrations of repeating price action formations that are commonly used in the crude market.

Trading Patterns is one of the studies used in technical analysis to help traders learn how to identify these repeating Oil Trading Chart Patterns formations.

These Trading Patterns are important in trade because when the market isn't heading in a particular direction it is forming a chart pattern. It is important to know these Trading Chart Patterns formations so as to have an idea of what might be the next move in the crude market.

When price movements are drawn there are several Oil Trading Chart Patterns formations that occur naturally and repeat themselves over and over again. These Trading Chart Patterns formations are used by a lot of technical traders to predict the next market move.

Traders often analyze these Trading Chart Patterns formations to measure supply and demand forces that form the basis for price fluctuations.

These Patterns are classified into Three different categories:

1. Reversal Oil Trading Pattern Setups

• Double tops Trading Pattern Setups

• Double bottom Oil Trading Pattern Setups

• Head and shoulders Trading Pattern Setups

• Reverse head and shoulders Trading Pattern Setups

2. Continuation Oil Trading Pattern Setups

• Ascending triangle Trading Pattern Setups

• Descending triangle Trading Pattern Setups

• Bull flag/pennant Oil Trading Pattern Setups

• Bear flag/pennant Oil Trading Pattern Setups

3. Bilateral

• Symmetric triangle - Consolidation Oil Trading Pattern Setups

• Rectangle - Range Trading Pattern Setups

Reversal patterns - Trading Pattern Setups - confirm the reversal of the market trend once this reversal chart pattern setup is confirmed. These Reversal Oil Trading Chart Patterns are formed after extended market trend either upward or downward and these reversal patterns signal that the market is ready to reverse.

Continuation patterns Trading Pattern Setups - are formations that set up the market for a trend continuation move in direction of the prior Oil trend. These Continuation Oil Trading Chart Patterns are formed when the market is taking a pause before continuing in same direction of the previous trend.

Consolidation patterns Trading Pattern Setups - form when the market is taking a break before deciding the next direction to take. When these Consolidation Oil Trading Chart Patterns are formed - the market is trying to decide which direction to trade.

Technical Oil Trading Chart Analysis of Oil Trading Pattern Setups

There are 2 types of chart analysis, these 2 may seem similar but are not: the 2 are:

• Japanese Candlesticks Patterns - Study of a single candle - Read Japanese Trading Candle-sticks Patterns

• Patterns - Study of a series of candlesticks formations

(This learn oil tutorial is about the second option above - Trading Chart Patterns)

The different topics for these two types oil analysis are:

Japanese Crude Candles

• 39. Marubozu Oil Candle-stick Pattern & Doji Oil Candle Pattern

• 40. Spinning Tops Candlesticks Patterns

• 41. Reversal Candlesticks Patterns

• 42. Inverted Hammer Oil Candle-stick Pattern & Shooting Star Oil Candlesticks Patterns

• 43. Piercing Line Candle-stick Pattern and Dark Cloud Cover Oil Candlesticks Patterns

• 44. Morning Star Candlesticks & Evening Star Oil Candlesticks Patterns

Pattern Setups Guides

• 53. Double Top and Double Bottom Oil Trading Pattern Setups

• 54. Continuation Oil Trading Pattern Setups

• 55. Consolidation Oil Trading Pattern Setups

• 56. Head and Shoulders Pattern Setups & Reverse Head and Shoulders Trading Pattern Setups

The examples below also illustrate the difference of the arrangements of these two technical analysis methods.

Candles Patterns - Study of a single candlestick

Patterns - Study of a series of candle s