IREN 1DIREN LimitedBATS:IRENM-PDLIREN: Long-drawn-out structure on the mid-term timeframe as it chops sideways with institutions swapping hands. Clear wave B redistribution followed by accumulation in the current leg, with buyers stepping in to take control around the wave C terminal zone—right where the anchored VWAP from the June 2023 cycle low sits. Currently stuck in a pinch between the AVWAP off the prior swing high (short-term downtrend) and the wave C bounce. Volume reaction is critical here to confirm the shift from seller to buyer control. We also have the 61.8 retrace of this prior sub-wave 1 converging with the volume POC, 200 EMA, and 50 EMA—making this a stacked inflection zone for a high-conviction breakout.