IREN - the perfect chart doesn't exist, or does it? After the substantial sell off from the July high, IREN has now retraced 50%. There is a beautiful trend line from the start of the rally to around the current level. From the start of the rally in November of 2023 to the July 2024 high, a Fib Retracement has been drawn. Interestingly enough the .618 golden ratio sits at $7.84 - only 1% away from the current price. A decent earnings report and business prospects make this the perfect time to load the boat. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.