On two of those cycles, the daily RSI fell to 30 or below... we are still at 40 or above, leaving *potentially* more room to fall before regaining steam. The daily RSI bounces right now are most similar to the 5/1/17 - 7/10/17 cycle, in terms of placement of 2 & 3, and the occurrence of significant bounces off of the 30 RSI line before a final dip.
I'm not claiming we Will drop further, simply pointing to those details. I like your chart and think it is very insightful! Thank you.