LLY stock highs of $966 on 7/15 served as a future resistance level for the stock. From then until 8/7, the stock declined 18% before attempting to rally again. The next rally tested these same resistance levels, but the rally stalled there and began another descent. This time the descent was slower and the stock tested even lower prices, falling at least 24% from 8/30 to 11/18.
The stock has rallied since it tested lows on 11/18, but ran into resistance levels with a gravestone doji pattern on 12/6.