Took longer to develop as the market decided to test the upper level of the 3 year trend channel
In the meantime, we had several bearish and bullish engulfing patterns and an up sloping trendline (orange) formed.
The previous highs made at 15.50 developed and formed a divergence with RSI and Stochastik. Spreads were stable but collapsed as SB sold of on Wednesday trough Friday. This divergence in the upper timeline of the 3 year downtrend channel provided resistance.
Downside target are the lower BBand as well as 50 day MA and 100 day MA IMHO