始めましょう
IREN Limited

IREN Well overextended.... deeper pullback before upside

384
IREN Price has overextended in a macro wave 3, the strongest and most powerful move described as a “wonder to behold” by Elliotticians. Novice investors are likely to get over-confident in these conditions, enter without risk management and keep chasing the price upwards only to be underwater when it turns around.

Profit taking appears to be taking place. I have closed my positions and am waiting for re-entry. The weekly pivots have been run.

Initial downside targets for wave (4) have been hit $39, the next is 0.382, $26.43. Expect shorts to pile in, adding to any downside momentum.

In the long term, we have higher to go in wave (5).

🎯 Terminal target for the business cycle could see prices as high as $124 based on daily pivots

📈 Weekly RSI hit overbought with no divergence

👉 Analysis is invalidated if we continue into price discovery

Safe trading
Maddox_Metrics
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
他のメディア:
AIBTCElliott WaveEnergy CommoditieshashIRENPivot PointspowerTrend Lines

関連の投稿

免責事項

これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
AIBTCElliott WaveEnergy CommoditieshashIRENPivot PointspowerTrend Lines
Maddox_Metrics
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
他のメディア:

関連の投稿

免責事項

これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。