This is the last down sloping trend line, we need to have clear break out retest it and then go up far a way from it to confirm a valid break out. Going back again below the trend line means this is a fake break out . Many indicators as we have suggested last Friday are suggestion a trough of some sort whether a major one for anew ATH, or reasonable one for another leg down !!!
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First rejection is okay, much better than fake break out and coming back again below the trend line. Second rejection might also be excepted , not third though. Remember guys, we need to have higher lows to confirm a change in direction !
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2ed Rejection is confirmed, better not have a 3ed one for bulls.