What does triangle mean in trading?

A triangle is a chart pattern, depicted by drawing trendlines along a converging price range, that connotes a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns.

How do you trade triangle patterns?

Trading with Triangle Patterns: Key things to remember

1. Always be cognisant of the direction of the trend prior to the consolidation period.
2. Make use of upper and lower trendlines to help identify which triangle pattern is being formed.
3. Use the measuring technique discussed above to forecast appropriate target levels.

What did the triangle trade do to the slaves?

The Triangular Trade was the name given to the sailing pattern of many slave ships. They carried goods from Europe to West Africa, loaded up with human cargo there, and then delivered them across the Atlantic to America. The ships then loaded up with sugar, tobacco, and coffee, and sailed back to northwestern Europe.

What was the purpose of the triangle trade?

The trade was called “triangular” because of the specific pattern in which the goods were exchanged. Like any other trade the purpose was to bring goods from overseas that were in high demand at home and trade them for goods that would be more expensive if sold overseas.

What countries were involved in the triangle trade?

The triangle trade system was a system used for trading goods internationally through the Atlantic. The lands involved were: England/Britain, Africa, the West Indies, and America. This system was used in the 18 and 19 centuries. It would usually start in America, where tobacco, cotton, and other goods were sent to England/Brittain.

What was exchanged during the triangle trade?

Thus, the Atlantic Triangular trade exchanged raw materials such as sugar, tobacco, rice or cotton in England in exchange form manufactured goods such as guns, beads or cloths, which in turn were exchanged in Africa for slaves, that were then exchanged for the aforementioned in America.