EDZ holding up Well today

Despite the price decline which was expected, the underlying action in EDZ seems to suggest there is accumulation on the pullback. Now how much longer that goes can only be answered when we see a reversal in price, but ultimately this is good news for the possible long position (Short Emerging Markets).

 EDZ 1 min positive divergence...

 EDZ 5 min 3C

EDZ 10 min 3C

All the chart's underlying action looks pretty good.