1st wait for the price to reach the top of this correction and then look at the price action at that point. Secondly only enter when the impulse starts forming. You can track that on lower time frames. make sure you have your stop loss behind the previous impulse and allow the market to breath.
Good luck in your trading.
This a trend continuation pattern. It can occur in both a down trend and an up trend to signify that the market is going to continue moving in the same direction. I will be attaching other examples of this pattern in subsequent follow-ups of this post. Good-luck in the new year and in your trading.