$EWY is pushing right into resistance and starting to lose steam ⚠️
The move up looks stretched now — momentum is fading and buyers aren’t driving price higher like before. Each push is getting weaker, which usually means exhaustion is kicking in. This kind of price action near highs often sets up a pullback as sellers step in 📉
Trade idea 👇
🔻 Short zone: 132 – 138
🛑 Stop loss: 147
🎯 Targets: 124 → 118 → 112
If price keeps rejecting this area, downside could open up nicely. Stay disciplined and manage risk 💯
#EWY #TradingPlan #ShortSetup #StockMarket #TechnicalAnalysis