$IREN Is Up 45%, The Next Setup Could Be Even Bigger
$IREN Ltd(IREN)$ bullish structure remains intact.
Even after the pullback at the end of July, IREN bounced and continued holding structure. Since then, the stock is up 45% in 57 days.
The daily internal structure is also improving, with higher highs and higher lows.
That is a positive sign that momentum is shifting.
I expect we could see another pullback into the $40 to $37.50 range before the next leg higher.
My short-term target over the next 60 days is $55.
Over the next six months, I’m watching for a move back toward $70.
As long as IREN holds above the $30 swing low, I believe the recovery remains on the table.
Markets are always moving - and sometimes, the best move is knowing what works for you.
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