Trading the first pullback of a breakout: what's your entry?

The breakout itself is often a trap; the first pullback is where the patient money enters. The trade: wait for the break, wait for the retest, enter with the stop under the retest's low.

How do you trade it?

• the criteria the retest must meet
• your entry trigger on the pullback
• what you do when the retest never comes

The support and resistance guide explains the flip mechanics behind the retest.