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1.) There are two possible trend lines. The highest one here simply connects more low points, thereby making it stronger. The lowest one connects is the absolute lowest points throughout the week.
A.) The main action in the early part of the week were two sell-offs on high volume.
2.) On Tuesday prices consolidated in a triangle pattern
B.) Prices gapped higher on Wednesday and
3.) Formed a secondary uptrend for the week.
C.) Prices gapped lower on Friday morning but found support at the trend line.
There are two important points on the daily chart:
A.) Prices have broken through resistance and
B.) There is an overall uptrend in place
