NYSE:YUM YUM BRANDS INC
I don't need to wait for taking out the previous High Pivot to long stock. As I said before it fullfilled all the 3 Bullish conditions: Chikou above the cloud and previous candle , future kumo is bullish, the price action is above the cloud. The Tenken sen line is above the Kijun Sen line. Chikou line is a some sort of confirmation of the trend on any time frame.
If the market is choppy, we can use option spread strategy to play like selling Bull PUT spread. Normally breakout strategy gives us a lot of good reward risk ratio like 3 to 1 or more. Unless you are very conservative trader, wait for more confirmation then your reward risk ratio become smaller. Another important aspect I consider is the volume of the stock on the lower time frame or daily chart, I am swing trader, so if there is enough higher up volume on the daily chart, I also can place my trade without taking out the previous Swing High point.