$EWY dropped about 10% in a day and broke a floor it had held for three weeks. I'm leaning short. But I'm not selling here. It's deeply oversold, so I'm waiting for a bounce back into the broken floor. Two long down candles took price through the range bottom, and the daily, 12h and 4h structures all broke lower together. What lines up on the short side: - Wyckoff reads distribution turning into markdown. - Elliott counts the middle of a third wave, leaving a fourth-wave bounce to sell. - 4h and 12h moving averages are fully stacked bearish. Three of four technical methods agree, and the bounce target sits on old support. ICT view: the crash left a fair value gap above price. Its lower edge overlaps the 50-62% retracement of the drop, right where old support should turn into resistance. I'd rather sell that retest than chase the low. Where I'm wrong: if price reclaims the recent equal highs and holds, the bearish structure is broken and I step aside. Risks: it may keep falling with no bounce, so no fill. And AI regulation headlines drove this, so jobs data or softer news could spark a sharp reversal. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.