ELI LILLY to crash to $850 based on 2018 fractal.
By:TradingView
Eli Lilly (LLY) is technically on a 4-month consolidation following November's High. Technically this is a short-term correction after a massive rally that started in August 2025.
Contrary to the majority of the stock market, LLY is following its own long-term Cycles. But that doesn't mean they don't get repeated like most macro patterns in the market.
In fact, the mid 2024 - mid 2025 correction (focal point Trump's Tariff War) has been structurally similar to 2015-2016 (focal point China's slowdown). Both took place after a massive long-term rally (red circle) that started on the 1W MA100 (red trend-line) was completed and they both held the 1M MA50 (blue trend-line) as the market's multi-year Support.
Also both bottoms on those Bear Cycles took place exactly on the 0.5 Fibonacci retracement level (black). The 2017 pull-back straight after, also held the 1M MA50 and bottomed on its own 0.5 Fib (blue), kickstarting an aggressive rally that initially targeted the 1.5 Fibonacci extension.
With the 1M RSI patterns among those fractals also similar, we expect the current 4-month consolidation to evolve into a correction similar to 2017, targeting the 0.5 (blue) Fib at $850, while keeping the 1M MA50 intact as he multi-decade Support. After this pull-back is completed, our long-term Target for Eli Lilly would be $1700 (Fib ext 1.5).
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👇 👇 👇 👇 👇 👇
Contrary to the majority of the stock market, LLY is following its own long-term Cycles. But that doesn't mean they don't get repeated like most macro patterns in the market.
In fact, the mid 2024 - mid 2025 correction (focal point Trump's Tariff War) has been structurally similar to 2015-2016 (focal point China's slowdown). Both took place after a massive long-term rally (red circle) that started on the 1W MA100 (red trend-line) was completed and they both held the 1M MA50 (blue trend-line) as the market's multi-year Support.
Also both bottoms on those Bear Cycles took place exactly on the 0.5 Fibonacci retracement level (black). The 2017 pull-back straight after, also held the 1M MA50 and bottomed on its own 0.5 Fib (blue), kickstarting an aggressive rally that initially targeted the 1.5 Fibonacci extension.
With the 1M RSI patterns among those fractals also similar, we expect the current 4-month consolidation to evolve into a correction similar to 2017, targeting the 0.5 (blue) Fib at $850, while keeping the 1M MA50 intact as he multi-decade Support. After this pull-back is completed, our long-term Target for Eli Lilly would be $1700 (Fib ext 1.5).
---
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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