🔴$EWY I’m looking for shorts here as price is showing weakness around resistance.
Short $EWY
Entry: 135.25 - 135.55
SL: 135.82
TP1: 135.00
TP2: 134.72
TP3: 134.40
That bounce failed to build any real strength, and the latest rejection shows sellers are stepping back in near the upper intraday zone. $EWY looks heavy here, with momentum fading fast after each small recovery.
If price keeps trading below the recent rejection area, this setup can keep drifting lower as downside pressure builds. I’m staying bearish on $EWY unless buyers reclaim the local high with strong follow-through.
Trade here 👇
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