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Eli Lilly & Co., Elliott Wave Technical Analysis

Eli Lilly & Co., (NYSE: LLY): 4h Chart 28 November 2023

LLY Stock Market Analysis: Looking for a triangle in wave (b) as we seem to be near the end of the correction. There is a potential head and shoulder pattern which would furthermore confer the count.  

LLY Elliott Wave Count: Wave (b) of {iv}.

LLY Technical Indicators: Below 20EMA.s

LLY Trading Strategy: Looking for shorts into wave (c) on 580$ tested resistance.

Analyst: Alessio Barretta

Eli Lilly & Co., LLY: 1-hour Chart 28 November 2023

Eli Lilly & Co., Elliott Wave Technical Analysis LLY Stock Market Analysis: Looking for a further continuation lower, with invalidation level standing at 625$.  

LLY Elliott Wave count: Wave e of (b).

LLY Technical Indicators: Between averages.

LLY Trading Strategy: Looking for shorts into wave (c) on 580$ tested resistance.

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