Simple Option Trading Setup Using Dow Theory, Fibonacci and MA | Bharat Jhunjhunwala

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In 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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Timestamp:
00:00 Preview
00:44 Introduction
01:07 Basics of the Setup
03:45 Creating the Setup
06:44 Understanding the Conservative Setup on Chart
12:55 Risky Setup on Chart
17:04 Enhancing the Setup Using Fibonacci
18:15 Using the Zig-Zag Indicator to Identify Swings
21:00 Adding Moving Average to the Setup
23:00 Conclusion

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