Interactive Broker (IBKR)’S Unstoppable Rally: 2-Year Causes That Will Take It Even Higher

Interactive Brokers Group Inc. (IBKR) is a global electronic market maker and broker that processes trades across more than 135 electronic exchanges and market centers worldwide. It provides customers with low prices and tools for trading, risk and portfolio management, and research facilities. The firm is focusing on its Electronic Brokerage segment and has been winding down its Market Making segment. Interactive Brokers LLC operates the largest electronic trading platform in the US by number of daily average revenue trades, and brokers a range of securities and cryptocurrencies. The firm is regulated by several authorities and provides clearing services to 200 introducing brokers worldwide.

Wyckoff Accumulation Leading To Sign Of Strength Rally

IBKR has been moving in a trading range between $58.50 and $80 since Feb 2021. On 5 Oct 2021, the price began a Wyckoff sign of strength (SOS) rally to challenge the $80 resistance and hit $82.30 on 28 Dec 2021. However, the price did not follow through with bullish momentum and retraced back into the range to form a Wyckoff upthrust (UT). The Wyckoff sign of weakness (SOW) leg down was rapid and impulsive. The inability to rally up in March 2022 led to further weakness.