I think it is notable that while oil has hit a lower low that DRYS has not. I mean come on, DRYS is run by con man George Economou. One would think that it would begrudgingly lag oil's performance. While this is expected to go a little bit lower before bottoming, note that the left side was a round bottom and so if my model is correct the right hand side should be a vee.
Here is my micro count model for blue C:
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