Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It is based in Indianapolis, Indiana, US, comes under Healthcare sector & trades as “LLY” ticker at NYSE. As shown from previous article, LLY favors higher in ((3)) of III as the part of impulse sequence & expect to extend towards 584 or higher levels before it may correct lower in ((4)).

LLY – Elliott Wave View From 7.09.2023: 

In Weekly sequence, it finished (I) at $92.85 high in September-2015 & (II) at $64.18 low in November-2016. Above there, it favors higher in (III) of ((III)), in which it placed I at $132.13 high & II at $101.36 low. It favors higher in third wave extension in III red & expect more upside towards 584 or higher levels. It placed ((1)) at $375.25 high & ((2)) at $309.20 low. Within ((1)), it finished (1) at $170.75 as diagonal structure & (2) at $129.21 low as 0.618 Fibonacci retracement. It placed (3) at $335.33 high, (4) at $296.32 low & (5) at $375.25 high as ((1)).

LLY – Elliott Wave Latest Weekly View: 

Above ((2)) low, it placed (1) of ((3)) at $469.87 high & (2) correction at $434.34 low. Currently, it favors higher in third swing of (3) of ((3)) & expect further upside before it may pullback in fourth swing followed by final push higher to finish (3). We like to buy the short-term pullback in 3, 7 or 11 swings at extreme areas for further upside in ((3)) of III. Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.

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