Jul. 14 at 10:09 PM
A potential bear trap in the making?
$EWY printed a suspicious local low that looks highly like a classic sweep before a reversal. A clean structural breakout over the horizontal yellow resistance line would fully confirm this bullish shift. Are you buying this flush?
Real-time charts capture the South Korea ETF
$EWY grinding near
$176.98. Technically, the tape absorbed selling pressure at the lows, printing a defensive turn.
Avoid chasing early micro-movements. Wait for a definitive daily close above the yellow horizontal supply barrier before building size, and maintain a strict risk stop if the daily tape breaks below recent major lows.
