Trading Reversal Crude Oil Patterns and Continuation 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 oil price action formations that are commonly used in the crude 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 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 Oil Trading Chart Patterns formations so as to have an idea of what might be the next move in the crude trading market.
When 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 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 Oil Trading Chart Patterns formations to gauge supply and demand forces that form the basis for crude oil price fluctuations.
These Crude Oil Patterns are classified into Three different categories:
1. Reversal Crude Oil Trading Chart Patterns
- Double tops Oil Trading Chart Patterns
- Double bottom Crude Oil Trading Chart Patterns
- Head and shoulders Oil Trading Chart Patterns
- Reverse head and shoulders Crude Oil Trading Chart Patterns
2. Continuation Oil Trading Patterns
- Ascending triangle Crude Oil Trading Chart Patterns
- Descending triangle Oil Trading Chart Patterns
- Bull flag/pennant Crude Oil Trading Chart Patterns
- Bear flag/pennant Oil Trading Chart Patterns
3. Bilateral
- Symmetric triangle - Consolidation Crude Oil Trading Chart Patterns
- Rectangle - Range 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 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 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 pause before continuing in same direction of the previous Oil trend.
Consolidation patterns 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 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 - Oil Trading Chart Patterns)
The different topics for these two types oil analysis are:
Japanese Crude Oil Candles
Crude Oil Patterns Tutorials
- 56. Head and Shoulders Crude Oil Chart Patterns & Reverse Head & Shoulders Oil Trading Chart Patterns
The examples below also illustrate the difference of the arrangements of these two oil technical analysis methods.
Candles Patterns - Study of a single candlestick
Crude Oil Patterns - Study of a series of crude oil candle s
