going long umtil a pullback

The Fibonacci retracement of the downtrend made a pullback on the 50% until 23.6% and started a retrace. The trend is showing a perfect ABCD set up with the fibo extensions of 0.618 from A to C. so target would be around the 61.8% which also adds up with the extension of C and D of 1.272 which TP would be 1.09 and i would also enter a short after hitting TP