IBKR advances in a strong Wave III structure, with… Fibonacci Forecast calls for a near-term level of 86 and a long-term target of $166 – maintaining a bullish check above 8.43.
Interactive Brokers Group (NASDAQ: IBKR) continues to maintain a resilient bullish structure, supported by a clear Elliott Wave advance. The stock recently completed a major corrective phase and is now entering what appears to be a reckless and potentially explosive bull cycle. Understanding the wave structure is essential for traders looking for opportunities, especially as the price moves towards higher Fibonacci targets.
Wave numbers indicate that IBKR is in a strong third wave
After completing wave (II) at $8.43, the stock started wave (III), which represents an impulsive phase of higher degree. Wave (III) often presents strong, extended moves, and IBKR shows signs of this behavior. The structure now indicates that the stock is advancing inside wave III of (III). This is usually the strongest part of the motivation. Third waves tend to show sharp momentum and often exceed early price expectations.
Within wave III, IBKR appears to have ended wave ((5)). This last leg is expected to head towards the $86 level. If momentum continues to build, the move may extend above this level. Breaking the resistance would confirm the strength of the third wave and could open the door to higher prices.
Possible pullback and long-term upside target
Once wave III ends, the stock should start wave IV. This structure typically unfolds in 3, 7, or 11 swings. A controlled pullback during this phase may provide a new buying opportunity. The bullish scenario remains valid as long as wave IV remains above $8.43.
The long-term Fibonacci projection of wave V of (III) is located near $166. This target is derived from the 1.618 Fibonacci extension of previous impulsive waves. The compatibility between price structure and Fibonacci measurements supports the higher target. If the price follows the expected path, IBKR could make a significant rally in the coming months and years.
conclusion
IBKR maintains a strong bullish outlook under the Elliott wave frame. Wave ((5)) within wave III is coming to an end, and a decline in wave IV may soon create another buying opportunity. The key level to watch remains $8.43. As long as the price remains above this support, IBKR could advance towards the USD 86 level first and eventually target the USD 166 Fibonacci target. The setup continues to favor the bulls, supported by a clear structure and strong trend momentum.
