#IRR #IronridgeResources – Watching Wave 2, Waiting for Wave 3
Good clean Wave 1, stopped right in the middle of my “initial target area”. Wave 2 will either be defined by holding above the 200DMA (extra bullish ), or it will trace a bit more to a lower fib. I think the coincidence of the 50DMA level and 61.8% Fib makes that a likely target.
Wave 3, when it hits, should be pretty explosive.