EW seems to indicate that a Wave 2 retracement is ongoing within a parallel bearish channel. This is further supported by the crossing of the Kijun and Tenkan (4h, indicated by the red circle).
Using a Fib Retracement, the next objectives (green rectangles) are:
0.382: $201.37;
0.5 : $194.06;
0.618 : $186.8.
In addition, the Ichimoku indicator clearly indicates a resistance of around $201 in the 4h and daily chart. Therefore, extreme precaution should be taken close to this objective. We recommend to consider the establishment of a tp or to consider switching the trade to a long position (as a function of the Ichimoku and RSI values).
Finally, a SL should be set up at the ending of the bearish channel (by the top), or at the inverse crossing of the Kijun and Tenkan (4h