The red dotted lines mark pivot highs and form a 3-pivot reversal, a Head & Shoulder Pattern. Under each line is another three pivot reversal, or pivot high. (this is in the Trend Master Series- Trend Structure).

I have also added trendlines.
The daily chart (lower) is a close up of the trendline on weekly. Price is going back and forth in a range.   The picture is worth a thousand words. 

PSMT_wk_daily.jpg