The last 2 months' decline after the big June bounce is not abnormal. We have seen similar things in other vehicles.
The reason I enter today is the crash signal. I highlighted by green the previous BB crashes : they always ended up in bounces.
Yesterday we had a BB crash and today we started the bounce. As we are bouncing from a multi- month this can turn out to be a bottom...
There is still a possibility we tag the 3.9$ zone ( previous DCL) so I'm not going into full position.
Have some dry powder if it continues to fall a bit more.
The plus side is that when that occurs, all of the funds who have dramatically been adding shorts of recent will create a short covering headwind