TheGentleTraveler

$WGMI and thereby AI data center infrastructure stocks remain in a structurally bullish consolidation despite the bearish narratives you hear. The important part of this chart is the bigger picture. From 2022 through 2025, WGMI spent nearly three years building a massive base. In October 2025, price finally broke above that range and rapidly repriced higher, eventually reaching the 1.414 Fibonacci extension near $70, a very natural area for a major advance to pause. Since then, this index has spent roughly a year consolidating those gains. We don't yet know what form that consolidation ultimately takes. It could resolve as a running flat, or we could still be building an expanded flat that first sweeps the March lows before beginning the next advance. Price hasn't answered that question yet. But the distinction is secondary to the larger signal. This entire consolidation is occurring above the 2022–2025 breakout zone. The market broke out of a multi-year accumulation, repriced substantially higher, and is now working through that move without having invalidated the breakout. So while these equities can remain extremely volatile, and another drawdown from here would hardly be unusual the chart is not presently showing a broken long-term trend. It is showing a high-volatility consolidation above a major multi-year base. Until that base is lost, the larger structure remains bullish. If the current correction ultimately resolves higher, the next major fib levels are at the 1.618 at $106. This chart should be the barometer for assessing $IREN $CIFR $HUT $WULF etc In the worst case scenario, another -10 to -20% should be the bottom (or we can be bottoming today which would be running flat scenario). Price has now fully backtested the ichimoku cloud and I see 5 waves down from what I'm considering was a B wave. @cantonmeow @Freedom_By_40 @CrypticTrades_ @chad_ventures @Fibonacci_TA