iPath SP 500 VIX (VXX) giving us an ABC pattern ?

iPath SP 500 VIX (VXX) chart analysis ;
1) Main down trend is "broken"
2) Price zoomed up to find "A" (note the huge increase in volume pattern)
3) "B" (reliable support and a confirmed higher lows pattern) seems to confirm the $25 level.
4) "C", our main trigger is right above "A" ; meaning that $36 is our main trigger