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this session with Bharat Jhunjhunwala, we have discussed the 123 setup, a unique approach to trading. We begin with the basic revision of Dow Theory to identify trend direction and change in trend, and also to mark support and resistance levels using it. Then we move on to how this concept can be used to plan trades using two approaches, one conservative and one risky. After that, we enhance the same setup by adding Fibonacci levels and moving averages, and to make it clearer, we explain everything using multiple detailed examples.
If you are someone who is just starting out or finds trading complicated, this session will help you with a setup that is simple, practical, and explained in an easy-to-understand way.
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Disclaimer:
The trade ideas, analyses, and strategies shared on this platform are for educational purposes only. They should not be interpreted as financial advice. Any decision to act on the content provided is made at your own risk.
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