The issue is as follow:
1. On 13th of February, for the first time for this website, I disavowed several domains (by using the domain:example.com disavowing way in GSC Disavow Tool). All these linking domains looked very "spammy".
2. Several days later, I see a drop in organic search and average rank position in on decline (not massive, but still on a decline).
Several factors to take into account:
1. Google Update over the weekend - This was mentioned on several SEO blogs.
2. President weekend in the US - holiday in the US, so lower traffic.
Given that this happened this week, should I re-assess these domains and re-avow some of these links? Or is it too early to correlate this drop in traffic with disavowing links for the first time?