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BMW: Bearish Continuation & Short Trade

Short
BAY.MOTOREN WERKE AG ST (XETR:BMW)  
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XETR:BMW   BAY.MOTOREN WERKE AG ST
Trend Analysis Chart Patterns Wave Analysis Stocks indexes S&P 500 (SPX500) S&P 500 E-Mini Futures S&P 500 nasdaq NASDAQ 100 CFD DAX Index dax30
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trendanalysis chartpattern waveanalysis stocks indexes spx500 es1! sp1! nasdaq nas100 dax dax30
snapshot

BMW has violated a rising parallel channel.
after that the price set a horizontal decision range and yesterday it was broken as well.

during today's trading session the price retested the 618 retracement of the last bearish leg,
showing a negative bearish reaction.

now bearish continuation is expected.

target levels:
57.15
56.0
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