I used a fib retracement in reverse, tracing what I believe to be the 4th wave up to look for where the correction is headed. I am not even sure if this is how you use this tool. Nevertheless I see striking correlations.
With the downward acting as resistance I can only surmise we are headed lower for the time being. I believe we are making a major correction move right now before another larger (?) rally. I believe we are headed right down to the 141.4 mark, which lines up so lovely with what I consider to be wave 2. We can argue wave count; you will probably win. Nonetheless, you cannot deny the fib correlation.
I could short here if I had a larger bankroll and knew a thing or two about trading. Alas, I am just a guppy in a deep pond. I am therefore going to wait for entry at ~0.0210 level if it gets rejected (highly doubtful). If it isn't a very respected level I will look for entry near the 0.01435 mark, but I will be watching carefully for a clear rejection of that level.