We previously mapped BlackRock’s (NYSE: BLK) bullish weekly path earlier this year. Today, our analysis continues with the Elliott Wave structure behind its rally from the 2022 low. This update highlights the next high-probability buying opportunity emerging for the stock.
Elliott Wave Analysis
BlackRock‘s April 2025 correction marked wave ((4)), finding support in the Blue Box area $793-$678 . The subsequent rally to new highs then completed wave ((5)). This suggests the cycle from the 2022 low is mature and likely finished.
Currently, BLK holds above the April low of $773. This does not rule out a nesting pattern, but a larger wave II correction may have already begun. Consequently, as long as price stays below the October high of $1219, the path favors another leg down next year.
This larger correction could push BLK below $1,000. The 38.2% – 50% Fibonacci retracement zone sits at $946 – $861. This area will provide a strategic, diamond-level opportunity to position for the next uptrend, with a longer-term target toward $1500.
BlackRock (BLK) Weekly Chart 12.8.2025
Conclusion
BlackRock’s larger-degree bullish cycle remains firmly intact. Therefore, investors should continue targeting buying opportunities within weekly and daily pullbacks. Utilize our Elliott Wave strategy for precise entry timing. Specifically, establish positions after a 3, 7, or 11-swing correction completes. Additionally, our proprietary Blue Box system highlights high-probability zones with pinpoint accuracy. As a result, this disciplined method gives traders the clarity and confidence to catch the next bullish leg.
Explore our system to gain deeper insights into this methodology.
