So there are 4 good reasons why the price is going to reach my (A) correction.
1. If you take a look at the red , price has crossed over and it is going to use that red as support and bounce off of it.
2. That blue price zone is a solid shown by previous price rejections.
3. Using the Fibs Extension tool from (W) to (X) gives you the . . It is common for the (A) Correction on the (Y) Wave to retrace to that zone.
4. Taking those 3 reason, they all converge to the same price and time point giving you an excellent entry to go long.
The only resistance that could make this all go to shit is the white which it looks like the price is already being rejected off of. You can see this all play out if price break below that white .
Make sure to Follow me on YouTube and Instagram for more Forex analysis and overall knowledge.