IREN | WeeklyIREN LimitedBATS:IRENElliottChartIREN— HIEQ Model What Depth Have We Reached at the End of This Consolidation Phase? I’ve altered my interpretation of the Primary Wave ⓸ corrective phase into an formation as the structure developed. This alternate count fits quite well within the enhanced HIEQ Model. The correction has now exceeded the 0.382 Fibonacci retracement level—a common retracement zone for fourth-wave corrections. Accordingly, the Intermediate Wave (C) decline may have ended at $23.72, marking a potential extreme low for the Primary Wave ⓸ consolidating phase. With the correction now appearing structurally mature, the next impulsive advance in Primary Wave ⓹ could develop into an extension. As noted, I’ve enhanced the model, while the HPQ Target ➤ $144 🎯 remains intact and $250 ⚓️ continues to serve as the HP Anchoring Level. 🔖 HIEQ Model ⇒ Highly Integrated & Entangling Quantum Model