EWY vs NIGHT
Launch Volatility: Like $NIGHT, it is likely that EWY will experience an explosive rise in the first few minutes followed by a correction. If the pattern repeats, it will look to establish solid support like what we saw NIGHT do at 0.05070.
The key will be to see if EWY manages to attract medium orders to absorb the sales from large capitals, just as happened with the +15M that supported $NIGHT.
We expect that $EWY will replicate the initial volatility of $NIGHT. The key to success is not in the euphoric entry, but in identifying the first real support after the initial "hype".
At #NiGHT we saw a masterful absorption by medium investors. For $EWY to be a similar success, we will need to see transactional liquidity that supports each intention candle.
