EWA is the Exchange Traded Fund on the New York Stock Exchange for Australian Shares. Sometimes it leads the Ozzie market, sometimes it follows. Last night it was up 2.25%.Divergences on the RSI.9 and Force Index.13 suggest a pull back is not too far away.
The Stock set a new high last night for this Aug-Sept run-up. The candle finished inside the top BB(13.2) which has dipped down. That's often a sign of a top.
The RSI.9 hit 75 - well overbought - but not as high as the most recent high - setting up the negative divergence.
Caution is required.
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