Hi @Beany72 , loving your commitment and organisation of your trade, something I really need to work on.
Just wanted to share my take on RXP as bigger picture still potentially fits the Distribution cycle and it is up around 100% since previous Accumulation, doesn't mean it won't break it and may still turn out to be Reaaccumulation but this area does appear to be key to confirmation of that SOW with a Back up to the Ice, I believe the BU phase can retrace up to half of the TR as well so that could hit your target of .885 and still potentially break down in Ph. E.
I've noticed IAM looks to be on a similar path but a little bit behind and I've posted it below, feel free to comment or correct anything at all, I'm open to any opinions or constructive criticism as its all part of the learning, cheers and all the best with the trade, thanks for sharing
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Wyckoff trading method, page-1839
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