$EWY fell more than 13% in a single session on Nov 5, and the bounce stalled on shrinking volume. I'm bearish, but I'm not selling here. I'm waiting for a retrace into the gap the selloff left behind. The catch: two momentum signals say sellers are tiring. The bounce hit a prior equal high and has drifted sideways since, with volume falling on every 12h candle. What lines up on the bearish side: - Daily, 12h and 4h all broke their prior swing lows. Every EMA sits above price. - Three of four technical methods point short. Wyckoff and Elliott agree on structure. - A thin bounce fits a last rally in a downtrend. Structure and volume tell the same story from different angles. ICT view: the selloff left a 4h fair value gap. Its lower edge overlaps the 4h EMA20 and the midpoint of the down leg. If price sweeps the equal highs and tags that edge, I expect the first sellers there. Where I'm wrong: if price reclaims the old 3-week box floor and fills the gap completely, the breakdown was a trap and I drop the idea. Risks: daily MACD and 12h RSI show bullish divergence. Korean policy support or a US chip rebound could trigger a short squeeze through the zone. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.