For now I count this daily move lower as a wave B which will mean that this correction is most likely unfolding in the shape of a 'Flat' correction. We see a daily BAT buy pattern activated. However price moved lower very impulsively and broke below the structure (magenta). So if you didn't enter agressively by means of a BAT buy signal you might want to wait and see whether price consolidates first.
First I like to see a break back into the followed by a break out of the upper magenta .
The most conservative entry will be to wait for a 5 wave impulse higher, wait for the three wave correction and then buy.
This will also result in a smaller stop loss and higher R/R.