[isatrader]

Thanks, all this is as an investor by the way. When placing the initial sell stop under the prior low of the breakout, do I place it at the closing price or the wick? Also what about placing the sell stop if the price breaks the 30 week MA on the correction low after the breakout, do I place it at the close price or wick? And the last thing is, if the price broke the MA but closed inside it, what do I do then on both the correction low and later on in the chart when placing the sell stops? Hopefully you can understand this.

As an investor your stop losses will be much looser to allow the trade room for it's normal movements. So below the weekly swing low and the 30 week MA.

Keep the stop loss below the following wicks and 30 week MA as you progress in the trade initially, as you don't want to get more aggressive with raising it until the Stage 2 has run it's course and it's starting to show signs of early Stage 3.