Here is a chart from the technical analysis desk of a leading firm that has concluded that this is a trendline breakout:

If you notice the peak of the “trendline” starts from a point of comfort not the actual peak. And the middle of trendline is the only point where this “trendline” meets a peak of a swing of this “descending trendline”. And there is no third point at all!!!!! Basic maths tells us that if you connect 2 points you can draw a line. In the past, I’ve seen many lines being called a trendline but this time around with just one point!!! Now, that is really a first for me!!