Yep.
Also, in the future, as long as Bedlam (or its lesser equivalents) is above your Rune spell, damage will eat through the reagent-free spell first, typically saving your Rune....which will remain on you for a long time (or until shit really hits the fan).
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Toxigen - 60 Enchanter <Paradigm Shift>
Above? Above how? Casted first?