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Will LYFT Respect this Inverted Head & Shoulders Pattern? Will UBER Break Out?

LYFT Inc. $LYFT has shifted from a bearish swing to a sideways market to a possible bullish breakout. 

LYFT 4H Chart

(click to enlarge)

Inverted Head & Shoulders
- The 4H chart shows a market that has gone from $around $87 to $47.50.
- But since the initial volatility, price has relatively stabilized.
- For a couple of months price has been holding below $63.35.
- Price broke above this resistance during the 6/19 session.
- The bullish outlook resulting from this breakout should be limited to the short-term. 
- We should also temper the bullish outlook to $70.
- $60 might become a key support going forward. 

UBER 4H Chart

(click to enlarge)

- UBER has a better looking chart so far compared to LYFT. It has made a new high since its IPO swing.
- After the new high around $45.60, it looks like price has been consolidating, in a triangle.
- However, price action during the 6/19 session poked above the triangle resistance.
- It looks like UBER is ready to continue the bullish reaction after the IPO, perhaps towards the $50 handle.
- Another new high is possible if price can hold above $44 over some upcoming bearish swing.

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