We got the sharp correction, but our main trade was the short that aligns with the trend
So on 15 minute time frames, we'll be looking for sharp spikes before setting our limits to get into the big sell off.
Patience and timing are key..
Analysis based on alternation within an impulse
Price can only do two things...
1. correct and form an abc flat or an abcde triangle... then go upside
2. drop impulsively for an impulse wave c
But for now wait for the current correction to reverse before looking for sell setups
After an abc flat, we could only get two things,
a correction, abc zigzag
Price choose the impulse BUT... its forming another correction, Probably the impulse move down will be bigger than we can think,
look for buy setups after the current drop wave 5 but trade carefully the trend is downwards and we're counter trending that direction