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$EWY I think it’s possible to take a short-term bet on a rebound. Right now, the price is bouncing up from the bottom—before the bears come back out, grab a round of relief trading. The entry range is 165.88-167.89; on the upside, watch 174.34 and 180.30. If it breaks below 160.9, back off.
But to be clear, this is just a contrarian short-term trade; the bigger picture is still very bearish. Don’t take it as a trend signal.
Manage your position yourself—never go all in. You’re responsible for the risk.