We previously mapped BlackRock's (NYSE: BLK) bullish weekly path. We also hinted at a potential dip below $1000. Today, we continue our analysis with the Elliott Wave structure of the current correction. This update highlights the next high-probability buying opportunity emerging for the stock.
Elliott Wave Analysis
BlackRock completed an impulsive five-wave advance from its 2022 low. Wave I peaked at $1,219.90 in October 2025. Since then, the stock has shown three swings down. This decline is unfolding as a zigzag structure.
BLK already dipped below $1,000. It now enters our Blue Box buying zone at $951 - $808. This extreme high-frequency area should attract buyers. Therefore, the market will likely attempt a bullish reversal. At minimum, a three-wave bounce should occur.
The stock maintains a weekly bullish sequence after breaking to new highs. Consequently, investors should view this correction as a buying opportunity. Entries will form as 3, 7, or 11-swing patterns.
BlackRock (BLK) Weekly Chart 3.17.2026
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.
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