Eli Lilly & Co., (LLY) Elliott Wave Technical Analysis 31 January 24
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·01-31Agree. Keep riding the waves!LikeReport
- SiongZ·01-31I agree, let's ride the waves! 🌊LikeReport