Consequently when a trend line of long duration, which has been successfully tested many times, has been violated then an important reversal of trend has likely occurred.
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So it is with channels, as these too must be adjusted as the trend accelerates or decelerates.
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Once S5 was reached it made a little rally and came back to close below S5.
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The first piece of evidence that this might be a top was when the 9 period moving average crossed the 18 period moving average.
The most important thing, however you approach the decision, is to know where you will cut a losing position before entering the trade.
If the moving average has flattened out or has already reversed direction then its violation increases the likelihood of a reversal of the recent trend.