LLY Potential buy setupReasons 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
Llybuy
LLY Fib Circle Scenario (MACD top)Comparing two points of price and MACD
The MACD is very similar in both points, very over extended
This correlates well with the 1.618 fib level, which allows price to move down along the circle as the MACD retraces, as seen in the first scenario (0.618)
LLY Long Opportunity LLY has provided a nice long opportunity with the recent break above the major trendline
This breakout is comparable to a previous point, which led to a large megaphone price structure
Price will likely stay above the trendline and climb within the megaphone (attempted to roughly sketch what it would look like)
LLY - STOCKS - 21. OCT. 2021Welcome to our Weekly V2-Trade Setup ( LLY ) !
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4 HOUR
Small pullback towards previous sr level.
DAILY
Expecting more bullish pa!
WEEKLY
Overall great market structure.
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STOCK SETUP
BUY LLY
ENTRY LEVEL @ 241.21
SL @ 231.90
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
LLY - Bullish Momentum BuildingLLY appears to have support holding. And a minor resistance trend line breakout.
See chart for target and stop loss
