Technical Analysis of the 4 Continuation Chart Patterns
When these continuation chart patterns are formed on the commodity charts they confirm that the current Commodity Trading trend is going to continue heading in same direction.
These continuation patterns are used by traders to spot half way points of the commodity trend, this is because they form at halfway point of a commodities trend.
There are four types of technical analysis for continuation trading patterns:
- Ascending triangle Continuation Pattern Technical Analysis
- Descending triangle Continuation Pattern Technical Analysis
- Bull flag Continuation Pattern Technical Analysis
- Bear flag Continuation Pattern Technical Analysis
Commodities Trading Technical Analysis
The ascending triangle pattern is formed in an upward commodity trend & it shows that upwards commodity market direction of the market is going to continue.
Found within a Commodity Trading upward trend, the ascending triangle pattern forms as a consolidation period within the up commodity trend and indicates upside continuation will follow.
How to Analyze Ascending Triangle Chart Pattern - Ascending Triangle Continuation Chart Pattern Technical Analysis
The market formed an ascending triangle pattern during its upwards commodity market trend which led to upwards side continuation.
The buy signal point is when price clears the upper sloping line of the ascending triangle chart pattern & the commodities market continues moving upward.
Commodities Trading Analysis
The descending triangle pattern is formed in a downward trend and it shows that the downwards direction of commodity price movement is going to continue.
Found within a Commodity Trading downward trend, the descending triangle pattern forms as a consolidation period within the downward commodity trend & indicates downside continuation will follow.
How to Analyze Descending Triangle Chart Pattern - Descending Triangle Continuation Chart Pattern Technical Analysis
Market formed a descending triangle pattern during its downwards commodity trend which led to further selling & continuation of the downward commodities trend.
The technical sell signal is when price breaks lower horizontal sloping line of the descending triangle chart pattern as selling resumes to push the commodities trading market lower.
Commodity Trading Technical Analysis
Bull flag pattern forms what looks like a rectangle. The rectangle is formed by 2 parallel lines that act as support & resistance for the commodity price until the commodity price breaks out. Generally, the flag will not be formed perfectly flat but it will be formed sloping.
Bull flag chart pattern occurs at halfway point of a bullish upwards commodities market trend and after a break out a similar move equivalent to the height of the flagpole is expected.
How to Analyze Bull Flag Chart Pattern - Bull Flag Continuation Chart Pattern Technical Analysis
The Bull flag chart pattern above was just a resting period as the commodities trading market gathered strength to break out & move higher.
The Bull flag pattern continuation commodity signal was completed as the upper line of the Bull flag chart pattern was broken to the upside.
Commodities Trading Analysis
Bear flag chart pattern flag is found in a Commodity Trading downward trend.
The Bear flag chart pattern is a continuation chart pattern where the price retraces slightly with a narrow price action that has a slight upward tilt.
How to Analyze Bear Flag Chart Pattern - Bear Flag Continuation Chart Pattern Technical Analysis
The Bear flag chart pattern above was just a resting period for the commodities market prior to more selling.
The Bear flag chart pattern continuation signal was completed as lower line of the Bear flag pattern was broken to the down-side.
