Is it a price break out or a false break out

This example is from Trader Don at Wolfpack Trading. Thanks to Don for sharing his expert insights! The proper reading of order flow with the footprint volume imbalances can be of great help, and especially so on a price break out. Below is pretty self-explanatory. Look at my annotations. The timing on this move was over the lunch hour and just after the release of the Treasury Note Auction results.

You would not have seen this pattern using plain vanilla charts.

2015-10-06_Break out trade and will he keep on going or fail
2015-10-06_Break out trade and will he keep on going or fail

Footprint Friday - January 8, 2016

Sell Stops Triggered in Gold