What is the opposite of ‘down’?

Posted by barkand on August 3, 2011 under Classic chart patterns, Price trends | Be the First to Comment

Here’s a quickie:

NASDAQ may finally be shaking free of the downtrend from yesterday’s “high” – if you can call it that. It has been repeatedly tagging that downtrend line on the 5 minute chart. Next minor resistance would be the neckline from the small head-and-shoulders at the bottom.