What Happens in Oil Trading after a Consolidation Oil Trading Chart Pattern?

A consolidation crude oil chart pattern is a bilateral crude oil chart pattern that signals the crude oil price is taking a break and buyers and sellers in crude oil market are yet to decide on which side the crude oil market will move - this shows that there is a tug of war between the 2 & neither side can gain control of the oil market.

This consolidation crude oil pattern can continue for some time until eventually one side of the crude oil market wins and a new oil trend forms in the direction of the market to which the consolidation crude oil price break out moves to.

If the crude oil price breaks out to the upwards side then the oil trend is considered to be a bullish upward trend.

If the crude oil price breaks out to the downwards side then the oil trend is considered to be a bearish downward trend.

Traders can decide which side of the consolidation to trade once the crude oil price breakout happens and not before the crude oil price break out.