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False Breakout Strategies:
Many times a false breakout, rally, or break is clearer when you are able to interpret how the order flow took place on that bar. Usually a false move (lacking conviction) will appear on the Footprint® chart with lightly shaded Footprints®, candy striped, a variation of color, or both.
Below are various snapshots annotating false breakout strategies and how they can be spotted and confirmed using the Footprint® chart.
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