Upon my backtesting on the shark pattern. A good 1:1 for (TP 1) is a good way for I trade it to prevent from stopping out on the trade. With this it gives me a lot of space/room (from my entry to the SL) for whatever market is doing hopefully to take atleast on the TP1 and won't get stop since we got wider range of the D completion of a shark pattern. This is for an aggressive trader. And again, for a conservative you could wait for confirmation to go LONG.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.