My view on this weekly PB is that it could've been better if it looks like the PB of September 2008 (pointed with arrow). That PB was formed at swing high off a retracement in a bearish trend. The current PB looks very sideway'ish' and there were already 2 mini PB bars before it which tells me the buyers and sellers are hesitating at the moment. Then there is the bullish TL and possibly a double bottom forming (the grey area), which can be seen clearer in the monthly.
I'd prefer to see a bullish PA instead, but that's just me.