Shorts into the potential buys

avant-hierHello traders,

A potential ''simple'' play is shaping up on GER40.
It doesn't mean when PA tapped into a new ATH and sells of, its meant to be the top.
However, PA made a huge inpulse and right now it's forming its larger correction before the potential next leg to the upside.
PA is forming an expanding right now.
- Weekly bullish pinbar close (still bullish but positioned well)
- Daily retraced quite well (engulfing --> evening star formation)
- 4H is clear (impulsive move)
-1H --> entry plan: looking for a clear 3-touch continuation into the previous ''marked'' lows that has been broken.

Targeting the first point of inflection at minimum with a potential to the value area.
I've used the fibonacci as a guidance, never as a confluence factor.
However, it's healthy to give a .50 pullback after such rally