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Elliott Wave Technical Analysis: Interactive Brokers Group Inc.

Interactive Brokers Group Inc., (Nasdaq: IBKR): Daily Chart, 11 September 2023

IBKR Stock Market Analysis: We have been looking for continuation higher and we are starting to move higher as anticipated. Looking for upside target at around 98$ where we have 0.618 {v} vs. {i}.

IBKR Elliott Wave Count: Wave {v} of 1.  

IBKR Technical Indicators: Above all averages.  

IBKR Trading Strategy: Looking for short-term longs into wave {v}.

Analyst: Alessio Barretta

Interactive Brokers Group Inc., IBKR: 4-hour Chart 11 September 2023

Interactive Brokers Group Inc., Elliott Wave Technical Analysis
IBKR Stock Market Analysis: As wave {iii} was shorter than {i} we need wave {v} to be shorter than {iii} which is why  upside target is 0.618 and not equality. We could also be finding resistance on the middle line of the base channel(blue dotted line).

IBKR Elliott Wave count:  Wave {v} of 1.  

IBKR Technical Indicators: Above all averages.  

IBKR Trading Strategy: Looking for short-term longs into wave {v}.

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