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$IREN Is in a massive bull flag on Monthly timeframe.
On the weekly it is struggling post ER where EPS missed by a whopping 243% and this fell straight away, more than 15% at one point.
Now my expectations are, this goes to test the lower trendline which is very prone liquidity sweeps, to 28-30 zone and then bounce off there.
So for next week or so, we expect this downfall to expand a bit further before an eventual buying comes off there.
Breakout of the blue trendline will target upper trendline near 58-60 zone and will mark a 2x move off the bottom if every thing goes according to the plan here.