Suffice to say that this current run in pepsi stock as opposed to coke is quite long in the tooth( average is 41 months as per my notes) and is bumping up against the upper black . If we get a reversal bar at this current , then I would expect a pullback to the lower black line. If we continue on to the convergence of the 2 red , I would short pepsi and buy coke at the then current ratio without a reversal on the renko chart.
Always trade with the trend except when you don't, and in that case, keep very tight stops.
REMEMBER: The only thing wrong about having been wrong is when you refuse to admit that you were wrong.