I Guess It Was Lying: Eli Lilly Update - The Chart Never ChangedEli Lilly and CompanyBATS:LLYAkeelahTradersGood Evening, Traders. A couple of weeks ago, Eli Lilly had everyone talking. Every bounce had people calling the bottom. Every news headline had another explanation for why the stock was "about to recover." Meanwhile... The chart never changed. Back on June 30, I posted an idea and pointed out something that had absolutely nothing to do with news, analyst opinions, or whether somebody upgraded the stock. Eli Lilly was having a problem. We had already identified a clear Break of Structure, a Return to the Source, and a roadmap that suggested price was likely headed toward the H4 Demand Source around $1,090-$1,115, with the H4 Fair Value Gap around $1,145-$1,150 serving as the first major objective. See this post from June 30: Today...That's exactly where price has gone. This is why I spend so much time encouraging people to learn how to READ market structure instead of chasing headlines or option flow. News creates emotion. Structure creates probability. When that H1 Break of Structure occurred, my job wasn't to predict tomorrow's news. My job was simply to ask one question: "If institutions have changed direction...where are they most likely trying to go?" Once that question was answered, the trade plan became surprisingly simple. Price broke structure. Price returned to the broken Supply Source. Sellers defended it. The target remained the same. Nothing else mattered. The H4 followed the same pattern and showed its own BOS around July 13th. The Fake-out pattern was sure to be repeated on the H4 (as it often is repeated across time frames), and I posted another update showing what was likely playing out. See this post from July 19th: The market pump faked as high as 1230, but got a huge Bear Slap back down just as expected when it hit the already defined BOS Supply Source. Now, if you didn't understand market structure, you would have been one of the many who fell for these tricks and you would have bought those bounces. But if you were reading the structure instead of the headlines, they looked like exactly what they were... Institutional retests. That's a huge difference. So where do we go from here? We've now reached the H4 Demand Source around $1,090-$1,115. This is the first area where I'd expect buyers to at least try to defend price. If buyers can build real demand here, great. I'll gladly reassess. Also, the Earnings report is coming up on the 5th, and these are usually catalysts to take the market to where it should be going. If buyers can't hold 1090 or definitely hold ...the bottom of the H4 Demand Source at 1076, then the earnings report (good or bad) could be the "Event" that brings this back down to the Daily FVG around 965 - 975. Then the larger bearish structure remains intact, and I'll simply keep following the footprints institutions continue leaving behind. NOTICE: The goal of this entire analysis is to show you that you don't need to be bearish nor do you need to be bullish. The goal is to show you that you can stop guessing. Because once you learn to read the structure, you'll spend a whole lot less time reacting to the noise...and a whole lot more time letting the market show you where it's already planning to go. Trade what you SEE... Not what you THINK. Follow @AkeelahTraders here for more detailed insights on how to find High Probability Trades in the Market.