Canadian Rail - Popped back up to 340 SMA Platue... and short it
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I have noticed many times pricing will run back up to a "double peak" in the 34 period or 340 period. In this case CP has popped back up to the 340 SMA double peak from previous levels... I'm sure a fib guy can step in here and explain the retrace in 3....2....1....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.