LLY: First Signs of Structure Reclaim Above Downtrend Resistance

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LLY: First Signs of Structure Reclaim Above Downtrend ResistanceEli Lilly and CompanyBATS:LLYQuietTraderFlowFollow-up on the previous LLY setup. Since the last chart, price has started reclaiming structure above the prior decision area while pushing through the downtrend resistance line. The reaction around MA200 support helped stabilize momentum, and buyers are now attempting to build continuation above the reclaimed zone. Current focus: – Whether price can hold above the former resistance area – Whether momentum continues building after the breakout attempt – How the stock reacts on future pullbacks toward the reclaimed structure The setup now looks less like a temporary bounce and more like an early structure recovery attempt. As always, reaction matters more than prediction.