A picture is worth a thousand words.
I give you 2 pictures + a few words!!
Quick summary, buy 18 day breakouts, pray for waveC/wave3. hedge using stocks below pivot if possible. this eliminates market risk from any sudden bad news.
Do not buy a breakout if it is already far above R1. R1-R2 is a reasonable intraday target on a breakout stock.
Pivot will rarely be seen in a breakout, you will only see old highs and minor dips below previous close. So don't wait for pivot! be aggressive , buy R1 the previous high or close above R1!!! book half at R2 :) and let the rest ride.
Stoploss will usually be below pivot level or below S1 depending on your timeframes.
