Chart of the Week series discussed only good technical charts of stocks and indices . This is the only purpose for education.
IMPORTANT POINTS FOR STOP LOSS -
1) There is no perfect stop-loss strategy. ( SL may be increase or decrease as per your risk ) 2) There is no perfect indicator that will warn you that this is a failed breakouts . 3) There is only managing risk and pre-defined stop loss with perfect position sizing makes you perfect.