With these few days decline sentiment is bearish again.
So the next leg can start up anytime.
Memorize this moment tbuckle. In these new markets this is the moment when you have to pull the trigger and go against your emotions.
This is the moment when you feel you have to get rid of every oil position because it will go down and make a lower low.
But it will not.
The train will start to go up again and will leave all the bears and skeptisches at the station.
Sentiment, cycles, timing shows that it's turningwhen the 6 day RSI is leaving overbought levels.