Interestingly, the first requirement for an upward trend line is that the prices are moving downwards. The price bars need to move downwards, and then reverse, and move upwards, making a low reversal. The low reversal will become the lowest and left most point of the upward trend line. The low reversal is shown in yellow in the example chart.
Drawing Upward Trend Lines
By Adam Milton, About.com Guide
Explore Day Trading
Must Reads
About.com Special Features
10 Things You Can Do Today to Improve Your Credit
Easy steps to take control of your credit card debt. More >
Year End Tax Planning
Discover financial planning opportunities with these three tips. More >
©2010 About.com, a part of The New York Times Company.
All rights reserved.