Following the accumulation of RDI Reit (see post below), according to Wyckoff logic, we have broken the trading range (TR) and had a backup. The markup in Phase E is starting and targeting the 2300 level.
Although RDI Reit has been in an overall downtrend on the weekly we are potentially seeing an accumulation range that has formed that should result in a backtest on the larger TF. We have gone through the Wyckoff Phases and potentially are seeing a last point of support (LPS) after some signs of strength (SOS). Some but not very high volume on up bars could point...
