Shares of Toyota Motor (TM) was bearish since 2015 into 2016, falling from the height of 145.80 in 2015 to 97.80 by 2016. But since forming a price bottom by mid-year, TM has since recovered and is looking bullish heading into 2017.Note that General Motors (GM) was also in a bullish breakout so 2016 appears to be a the year the big autos are making a come back. Even Ford (F) looks like it might be joining the part, though it is still too early to say. TM Weekly Chart 12/8(click to enlarge)Breakout and Confirmation:- The weekly chart shows that the market had built a price bottom from April through July.- After July, price broke above this price bottom as well as a falling trendline.- Then, after making a new high on the year, there was a retreat in September, October, and part of November. - After this pullback, price held above 110.00, showing respect to the completed price bottom as support.- The subsequent bounce off of 110 and a 50-week simple moving average (SMA), confirmed the bullish breakout back in late July. - Now, a few week's after finding support at 110, price is pushing again towards the 2016-high made in August. The bullish structure that formed in the second half of 2016 suggests that TM will be entering 2017 on a bullish note. The 145 high from 2015 could very well be the bullish target in 2017.