If this sinewave means a thing, XLP is about to start weakening for weeks.
For a long while, UBER and LYFT were virtually one and the same, moving in lockstep. In recent months, however, it’s becoming pretty clear who is the Coke and who is the Pepsi, as UBER’s performance completely trashes that of LYFT, as the stock even approaches lifetime highs.
Just as the right triangle predicted……….
A week ago, when I did a post titled simply and plainly Coinbase Bullish, folks must have wondered if they have stumbled on to the wrong site. It looks like this classic bullish pattern worked out quite nicely, though, as bald Brian proudly attests.