Builders FirstSource, Inc., (BLDR) manufactures & supplies building materials, components & construction services to professional homebuilders, sub-contractors, remodelers & consumers in the United States. It comes under Industrials sector & trades as “BLDR” ticker at NYSE.
BLDR was corrected more than 50 % since all time high of $214.70 in June-2025 low. It ended correction of ((II)) at $102.60 in 6.02.2025 low in daily extreme area. Above there, it favors upside in next cycle or at least larger 3 swings bounce. We like to remain long from the daily extreme area against 6.02.2025 low.
BLDR – Elliott Wave Latest Daily View: 
It ended multi year impulse sequence at $214.70 high in March-2024 from inception. It ended (I) of ((I)) at $28.43 high in February-2020, (II) at $9.00 low in March-2020, (III) at $86.48 high in January-2022, (IV) at $48.91 low in June-2022 & (V) at $214.70 high. Within (V), it ended I at $74.48 high, II at $52.70 low, III at $156.85 high, IV at $105.24 low & V at $214.70 high. It ended ((II)) in flat correction. Within ((II)), it ended (a) at $130.75 low, (b) at $203.14 high & (c) at $102.60 low. The (a) unfold in zigzag, (b) in double three & (c) in impulse sequence in ((II)) pullback. It ended ((II)) correction in daily extreme area between $118.90 – $66.81 & now turned higher.
Above ((II)) low, it proposed ended (1) at $138.44 high & favors pullback in (2) against 6.02.2025 low. Within (1), it ended 1 at $119.35 high, 2 at $106.03 low, 3 at $137.21 high, 4 at $121.55 low & 5 at $138.44 high. Currently, it favors bounce in B of (2), while placed A at $118.17 low. It expects B to fail below $138.44 high to extend lower in C to extreme area to finish (2). We like to buy the extreme area against 6.02.2025 low for the next leg higher. Alternatively, it can break above $138.44 high to be 3 of (1), while placed 1 at $138.44 high. In that case, it can see two more highs to finish (1) before next pullback may unfold.
Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99. Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts. The BLDR is not the part of our regular service.
Back
