No, in itself, the most recent weekly bar is not a test.
There is however, some element of testing within it though.
The part of the bar which dips below the previous close is testing, the remainder (above the previous close, is either an early positive response to the testing, or some over enthusiastic buying to the testing).
Anyway, I needed to zoom out to understand just where this chart is.
And see that it is down near the lows and should, if it is going to be positive in the future, be accumulating down here.
But on the weekly chart I couldn't be sure that was happening, so I zoomed out further to the monthly, and it made some sense.
You can see three bars (arrowed) where is is almost certain that there is buying (and several others which infer buying indirectly).
And there is also a spring (circled) on the monthly chart - a monthly spring is pretty strong.
(You can then flip back to a weekly chart)
Monthly chart
Once it is established that there is some reasonable buying in the background, there should be a positive influence developing on the chart, and an uptrend should begin (which it has to some extent). Next you should be looking for a breakout, which would come above 40cps.
