Yes on that false breakout and failure and then the selloff to the old 'test' point that also failed price saw support at the 200ema. Not uncommon to see that on most markets regardless. But most of the major buy points were on the retrace back to the breakout point which occurred generally about 6 to 8 weeks later. This recent breakout over 720 should see a 'test' of that breakout point in late Sept to mid Oct. But the key point is the pullback and re-test of the 720 breakout point whenever it occurs after a strong run up.