@ulotrix, yeah it could be in down trend and the .5 or .618 is a great target. it could even hit the .382 and bounce down. Just watch it. It may reverse and go to 1, and 1.68 then a 38.2% retracement on an up trend.
@ulotrix, well resistance has become support at .677 if it breaks that down then it will be unlikely to retest the .382 fib less the .5 or .682 anytime soon. Another leg down I would think if that happened. Otherwise look for a retest of the .382 a break to .5 or maybe .618... then more consolidation and a break up or down.