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RizeSenpai

LLY Bearish Confirmation Put in at the 3.618 Fibonacci Extension

Short
Eli Lilly and Company (BATS:LLY)  
RizeSenpai  
BATS:LLY   Eli Lilly and Company
Technical Indicators Trend Analysis Wave Analysis LLY Fibonacci Extension bearishdivergence pharmaceuticals bigpharma bearishconfirmation confirmationhigh
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indicator trendanalysis waveanalysis lly fibonacciextension bearishdivergence pharmaceuticals bigpharma bearishconfirmation confirmationhigh
LLY has given us Bearish RSI Confirmation at the 3.618 Fibonacci Extension and now looks to push below the $580 level. This could quickly devolve into LLY making a much deeper Bearish Retrace that would bring it below trend. At that point, we could very well see LLY come all the way back down to fill the gap at $163.42
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