This is some major support at 49. it looks like it wants to go trough it, testing it multiple times.
We have had a nice retrace up to 52 and is encountering it's downtrend since the crash in march.
This downtrend is strong, and with the crash in oil it is draging the markets down.
We having a negative divergence indicating a price drop.
BMW, just like many other markets, broke it's uptrend. really .
We can defenitly see BMW at 45, depending how hard this crash or reaction is, much lower.
Will probably retest 48.50. So look for a short entry