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