LLY to follow NVO ?

A bearish Head & Shoulders in LLY weekly chart (as well in daily chart).

LLY last move is stuck under a downtrend line (in white) which forms the right shoulder.

In addition, the head part forms another bearish pattern - a double top.

If the head & shoulders forms is applied, LLY may go down to its support level at $433.

The entire healthcare sector looks bad at the moment and LLY's rival NVO has already formed and applied a head and shoulders pattern.

Will LLY follow NVO ? time will tell but the writing is on the wall.