CIX: A Midpoint Close Is Not a Held RetestCompX International Inc. Class ABATS:CIXSmalldikenergyCIX closed October 23 at 36.100, exactly the arithmetic midpoint of the local downswing shown here. That is a useful location, but one close at a midpoint does not establish a reversal or a held retest. The distinction is the lesson: a measured reference and a completed price sequence are different evidence. The selected anchors are the October 9 high at 40.040 and October 19 low at 32.160. They bound the recent pullback after the earlier summer advance, rather than pretending the entire visible history is one uninterrupted decline. Their 7.880 range produces an upward retracement ladder at 34.020 for 23.6%, 35.170 for 38.2%, 36.100 for 50%, 37.030 for 61.8% and 38.354 for 78.6%, rounded to three decimals. The 50% line is a midpoint convention, not a Fibonacci ratio. Anchor selection determines the ladder; changing the swing changes the question being asked. Friday's candle opened at 35.560, reached 36.540, traded down to 34.770 and closed at 36.100, up 0.290 or 0.81%. Both wicks matter: the candle traded above and below nearby references before finishing at the midpoint. It remains above the observed 55 EMA at 34.986, while daily RSI is 47.66, below its own 50 midpoint. Price above an average and momentum below 50 can coexist; neither reading erases the actual candle path. For a constructive route, I would require a completed daily close above 36.100 followed by a separate pullback that holds that recovered area. The next checkpoints are 37.030, 38.354 and 40.040. Only after the swing high is dealt with does the upper 42.183 extension become relevant as a projection. Returning below 36.100 and rejecting recovery challenges the local reclaim. Losing 32.160 challenges the broader bounce thesis. A close on the line supplies neither the initial above-line close nor the later held retest. For a weaker route, a completed daily loss of 34.020 followed by a failed reclaim would put 32.160 back in focus. Below the observed low, 30.017 and 27.290 are calculated extensions, not asserted historical support. Recovering and retaining 34.020 challenges the local breakdown. A sustained reclaim of 40.040 with a held retest would invalidate this selected downswing more broadly. The dashed line simply connects the Fib anchors; it is not an independently confirmed trendline. The October 23 bar reports 29.18 thousand shares. Liquidity, spreads and gaps can make the practical failure distance different from the neat diagram. These are completed daily observations reviewed on Saturday, not a live Monday trigger, order, fill or claimed return. Before acting, refresh the actual session and decide whether the risk remains affordable. The chart does not establish a fresh business catalyst or explain why every candle moved. Discussion: would you require the above-midpoint close first, or would you wait for the separate retest—and how would you distinguish a brief touch from price actually retaining 36.100?