BLACKSTONE Still Holding Strong on Higher TimeframeBlackstone on the monthly chart still looks like it is moving through a large corrective phase after topping near $200 . Price has been making lower highs and continues trading below the descending resistance trendline, which shows long-term momentum is still cooling off.
The current structure looks like a broader wave 4 correction rather than a complete trend reversal. The major support zone between $84 and $71 remains important, as buyers could step back in from that area if the correction continues deeper.
As long as the price stays above the broader support region, the long-term bullish structure remains intact. A successful recovery from the correction zone could restart the next impulsive move higher.
If momentum returns, the next upside targets come in around $100 , $140 , and eventually $185+ over the longer term.
