Blackstone Inc., (BX) is an alternative asses management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt & multi-asset class strategies. The firm typically invests in early stage companies. It is based in New York, comes under Financial services sector & trades as “BX” ticker at NYSE.
BX ended impulse sequence I red at $149.78 high on 11/19/2021. Below there it favors correction lower in II wave, which expect to end between $78.63 – $48.87 area before turning higher.
BX – Elliott Wave Latest Weekly View :
It placed ((1)) at $60.20 high on 6/05/2020 of the impulse sequence started from 3/18/2020 low. It favored ended ((2)) at $49.26 low on 9/24/2020 low as 0.382 Fibonacci retracement of previous cycle. Above there, it started third wave extension of third wave extension & placed ((3)) at $136.88 high on 9/17/2021. It ended ((4)) at $108.81 low on 10/04/2021 as slightly above 0.382 retracement. Finally, it ended ((5)) at $149.78 high on 11/19/2021 as wave I. While below there, it favors correcting lower in II in zigzag correction.
BX – Elliott Wave Latest Daily View:
Below $149.78 high, it placed ((A)) at $101.65 low and ((B)) at $126.80 high as triangle on 4/21/2022. While below there, it favors lower in ((C)) leg towards $78.63 – $48.87 area to finish II correction before upside resumes in either new sequence up or at least 3 swing reaction higher. Currently, it favors lower in (3) of ((C)) & expect weakness to continue before a bounce in (4) followed by final push lower to finish the sequence in II.
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