Eli Lilly & Co., (LLY) Elliott Wave Technical Analysis 31 January 24

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Eli Lilly & Co., (LLY) Elliott Wave Technical Analysis 31 January 24

TradingLounge
01-31

LLY Elliott Wave Analysis Trading Lounge Daily Chart, 31 January 24

Eli Lilly & Co., (LLY) Daily Chart

LLY Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulse

STRUCTURE: Wave {v} of 3

POSITION: Minuette wave (i) of {v}.

DIRECTION: Upside into wave {v}.

DETAILS: Looking for further upside into wave {v} as we seem to have successfully broken the previous Elliott Wave triangle in wave {iv} and we seem to be finding support on 600$.

Source : TradingLounge.com get trial here!

Technical Analyst : Alessio Barretta

LLY Elliott Wave Analysis Trading Lounge 4Hr Chart, 31 January 24

Eli Lilly & Co.,( LLY) 4Hr Chart

LLY Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Correction

STRUCTURE: Wave (ii) of {v}.

POSITION: Wave b of (ii).

DIRECTION: Downside into wave c of (ii).

DETAILS: Ideally looking for one more leg down into wave c of (ii) to then look for upside resumption.

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PeteLeacock
·01-31
Agree. Keep riding the waves!
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SiongZ
·01-31
I agree, let's ride the waves! 🌊
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DIRECTION: Upside into wave {v}. DETAILS: Looking for further upside into wave {v} as we seem to have successfully broken the previous Elliott Wave triangle in wave {iv} and we seem to be finding support on 600$. Source : TradingLounge.com get trial here! Technical Analyst : Alessio Barretta LLY Elliott Wave Analysis Trading Lounge 4Hr Chart, 31 January 24 Eli Lilly & Co.,( LLY) 4Hr Chart LLY Elliott Wave Technical Analysis FUNCTION: Trend MODE: Correction STRUCTURE: Wave (ii) of {v}. POSITION: Wave b of (ii). DIRECTION: Downside into wave c of (ii). DETAILS: Ideally looking for one more leg down into wave c of (ii) to then look for upside resumption.","highlighted":1,"essential":1,"paper":2,"likeSize":2,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/268934371295328","repostId":0,"isVote":1,"tweetType":1,"viewCount":549,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":741,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":268949129257048,"commentId":"268949129257048","gmtCreate":1706696090673,"gmtModify":1706696172594,"authorId":9000000000000425,"author":{"id":9000000000000425,"idStr":"9000000000000425","authorId":9000000000000425,"name":"PeteLeacock","avatar":"https://static.tigerbbs.com/46d30a827da942c1b0307f51e832534e","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":268934371295328,"objectIdStr":"268934371295328","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Agree. Keep riding the waves!","text":"Agree. Keep riding the waves!","html":"Agree. 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