Despite stocks market downfall LLY is thriving for bullish pattern. However based on TA this waves is going to turn out soon.
Reasoning for this includes double top on all time high price; Second reason provided by MACD and sch RSI both shown a short opportunity for 35 M timeframe.
To be on safe side if the wave was constructed for correction towards bullish. the middle green line will be a indicator for diagonal support turning point ( around 110) due to previous year short trend was near nil possibility.
Reasoning for this includes double top on all time high price; Second reason provided by MACD and sch RSI both shown a short opportunity for 35 M timeframe.
To be on safe side if the wave was constructed for correction towards bullish. the middle green line will be a indicator for diagonal support turning point ( around 110) due to previous year short trend was near nil possibility.