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Eli Lilly & Co., Elliott Wave Technical Analysis

Eli Lilly & Co.,  (NYSE: LLY): 4h Chart 24 January 2024

ELI Stock Market Analysis: Here we are looking at a potential bottom in place in wave (ii) as we are now looking for continuation higher. Looking for further upside and a break of wave b for confirmation.  

ELI Elliott Wave Count: Wave i of (iii)

ELI Technical Indicators: 20EMA as support.  

ELI Trading Strategy: Looking for longs after a break of b.  

Analyst: Alessio Barretta

Eli Lilly & Co., ELI: 1-hour Chart 24 January 2024

Eli Lilly & Co., Elliott Wave Technical Analysis ELI Stock Market Analysis: Here’s the alternate count, with a more conservative view and wave (ii) still in the making, suggesting we are missing one more leg lower before resuming higher.  

ELI Elliott Wave count:  Wave b of (ii).  

ELI Technical Indicators: 20EMA as support.  

ELI Trading Strategy: Looking for a development of wave (ii).

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