The above chart is the chart of Dow Jones Industrial Average Index (^DJI)
It is still in a down trend as the 20 days moving Average line (Blue dotted line) is below the 50 days moving average (Pink Dotted line)
So, it is safer to short stocks.
At present it is forming the NECK OF THE DRAGON pattern.
So, all the traders who have read the e-book should get ready for any potential short trades.
For more information on the "neck of the dragon" chart pattern, please refer the following link
http://www.dreamtai.com/ebook/
You can preview the book there and purchase it also from that link.
