That can only be determined afterwards...you need at least two points right. Well the second point, if it holds, will be at the 1347 area. So we haven't broken the up channel. I suppose at any time you could connect some lows and say "hey, we just broke below the line..." We'll find out soon if we just broke down out of a rising wedge or if we're in up channel where 1347 holds. I believe others have pointed out the significance of 1347 as well, lower BB, previous high....