We have been bearish on Constellation Brands $STZ for a while. It has been on a persistent uptrend that made price 10x since 2012, and 2x since 2015. However, 2018 was the year of correction, and price is starting 2019 with the more downside to go.Constellation Brands (STZ) Signals More Bearish Correction (September)Price Chart Suggests More Pain in Constellation Brands (STZ) (October)STZ Weekly Chart(click to enlarge)$130 in Sight:- This week, price came up to test the key resistance around $173.40. This was a previous resistance pivot, and where the 200-week simple moving average (SMA) resides. - The reaction was strong, and so far we are seeing a bearish engulfing candle. - Furthermore, this price action is setting up resistance around $160. - If STZ holds under $160 this week, we should see it as a strong bearish signal.- This bearish continuation signal opens up the 2017-low around $144, as well as the $130.25 low from 2016. - I would expect some support here around $130, but again I would still limit the upside to $160. - I wouldn't be surprised if this name continues to retrace back to the $100 handle. $175 is Key Resistance:- This week's price action also establishes the pivot just under $175 to be critical.- A break above $175 therefore would signal a bullish outlook towards $200 and to retest the 2018 price top.