DislikedHey Pips
In general the thing with any bar is that it is only validated once it breaks, and only invalidated once the other side is breached. So technically you could leave it for however long this takes to happen. I personally with any bar(in general) wait till that next bar breaks(this is my measure of momentum). So for this weekly bar if I was going to enter I would give it one week to break like you said above.
Best
MikeIgnored
Just wanted to clarify for beginners, I'm 99% sure Mike was assuming you knew this. Sometimes new traders don't understand that a break just means price moving higher than the high plus your buffer, and NOT a close above a bar, then entry.
So if you think this is a good trade (on demo of course) you can already have your buy order (limit or stop depending on your broker, either way it's a pending order) in with your broker.
Once again, I'm sure you already new this, just thought this might help new traders.
Cory