IREN - Weekly breakout! Textbook Flag

TradingView2026/05/10 12:42

By:TradingView

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We just had a weekly breakout of a massive bull flag on IREN. Along with the flag pattern, we had a double bottom ‘W’ type consolidation within the bull flag (bullish formation).

Measured move is putting this a little north of $91.

With this being on the weekly chart, I like the July 17th calls. Will look for the $73 strike, as I’d like to at least capture that move to the top of the flag, and if we reject there and try to put in a double top; I can exit with profit there. $91 is the homerun price target!

God bless and happy trading!

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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IREN - Weekly breakout! Textbook Flag

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