Short
$CSX 30Min chart useful. DAILY/WEEKLY/MONTHLY More important
Here we can see on smaller time frame how CSX is breaking down by 1st distribution after it broke out of it's parabolic move. After distribution, they can mark price down. Important to pay attention to EVERYTHING. Bigger Time Frames give you PERSPECTIVE of the whole picture, but the smaller time frames are great for identifying exact targets and finding congestion levels where price can bounce off of as well as seeing the PRECISE levels.
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Disclaimer
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.