US500 in terms of an ABCDE wave pattern. Based on your analysis, the current strong support level is around 5,800, and you anticipate a potential upward movement from that level.
if the price does indeed find support at 5,800, the next move could be a bullish impulse through the mentioned resistance areas. The ABCDE wave pattern you mentioned could indicate a corrective move or an ongoing bullish trend. If the price breaks through the 5,900-6,035 zone, that would suggest a continuation of the bullish momentum.
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