Canadian Rail - Popped back up to 340 SMA Platue... and short it

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....

brschultz aka markettimer777