Cloning should be used with other tools for confirmation. Works well in conjunction with and Fib.levels.Also CLONE boundary targets don't have to be perfect, if you see a reversal candle pattern just above or below a CLONE boundary that's good enough.
What about VGK? This is the most traded Europe ETF in the US markets, options are also liquid. Seems money has rotated out of US plays, now longing USD and shorting currencies + commodities. I see the next rotation coming in EU. Do you have a chart of DAX or any other European market play?