I had a much closer look at the different IAM charts on Christmas eve and today, and thought this 2hr chart summed it up quite nicely.
And I do think the recent price action may be potential climactic action of some form, where a breakout would come if/when price pushes up through the 6.5/6.6 zone above. Although in Wyckoff terminology, this recent trading may be better termed a re-accumulation zone......we'll see.......