This trendline is very strong and has yet to be broken, has many bounces. I have closed shorts and watching for indication and possible safe entry into a long. We have a breakout of the downward channel n the hourly also. How quick things can change, that is the thing with Technical Analysis, you must be like water, fluid and ready to make the next move and not be set in a bears or bulls position as a permanent mindset. Good Luck my friends.