$CSX 30Min chart useful. DAILY/WEEKLY/MONTHLY More important

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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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