LLY Potential buy setup
Updated
Reasons for bullish bias:
- Entry is at breakout of HH
- DOW theory, SL at last HL
- Respecting trendline
Entry Level: 655.60
Stop Loss Level: 565.08
Take Profit Level 1: 746.12
- Entry is at breakout of HH
- DOW theory, SL at last HL
- Respecting trendline
Entry Level: 655.60
Stop Loss Level: 565.08
Take Profit Level 1: 746.12
Trade active
TP1 was hit, moving SL to BENote
Bearish divergence forming on daily, some profits can be taken here as well. Price 38% up from entryNote
Double top forming on daily timeframe
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