We are still within the cloud. That's why it's risky to go short. Nevertheless the downward movement is intact and I suppose that the 50% of the small wave will be done at least. This also very close to the lower Bollinger border. If that border won't extend, then the movement will halt there.
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motleifaul
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Sorry, not the bottom of the cloud war reached but the bottom of the Bollinger Band.
motleifaul
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But it was worth the risk. As the bottom of the cloud is reached I take the profit out.