LLY – Still Bullish?Eli Lilly and CompanyBATS:LLYHouse-of-Technicals## **LLY – Technical Analysis** **Closing Price: $1,417.54 | 31 October 2026** ### 1. Market Structure - Higher Highs (HH) and Higher Lows (HL) structure remains intact. - Overall trend remains bullish across all timeframes. - Price action continues to reflect a positive market structure. ### 2. Chart Patterns & Breakouts - **Rising Wedge:** A breakout above the wedge pattern has been observed, indicating potential bullish continuation. - **Ascending Triangle:** A breakout was confirmed around **$1,130–$1,135**, followed by a successful retest of the breakout zone. - **Pattern Target:** The measured target of the Ascending Triangle stands around **$1,630–$1,635**. ### 3. Cautionary Signals - Bearish Divergence has emerged on higher timeframes. - Despite the prevailing bullish structure, this divergence indicates potential momentum weakness. - Caution is advised, particularly at higher price levels. ### 4. Key Technical Levels - **Critical Support:** $1,290–$1,295 - **Previous Breakout Zone:** $1,130–$1,135 - **Ascending Triangle Target:** $1,630–$1,635 ### 5. Outlook & Risk Assessment The overall technical structure remains bullish, with HH-HL intact across multiple timeframes. However, a decisive break below **$1,290–$1,295** could trigger additional selling pressure, potentially dragging the price towards the previous breakout zone of **$1,130–$1,135**. As long as the critical support holds, the broader bullish structure and the Ascending Triangle target remain relevant. ### **Conclusion** LLY continues to demonstrate a strong bullish technical structure, with a potential pattern target of **$1,630–$1,635**. However, higher-timeframe bearish divergence warrants caution. Keep a close eye on the $1,290–$1,295 support zone. **Respect the Trend. Watch the Levels. Manage the Risk.** *Technical analysis is scenario-based; pattern targets are potential projections, not guaranteed outcomes.*