Confluence of fib 0.618...0.764 retrace zone and 1.618 of technical analysis tools.
Commento:
Temporary(?) bottom found at 8400. Likely, a bounce targeting to 10000.
Commento:
Above 10000 targeting to 10700
Commento:
One more move down, targeting to the 7700...7300 area.
Commento:
A move down is close to the bottom or already bottom at 7650.
Commento:
Elliott Waves technical analysis. A drop below 7000 mean bad news - opening way to attack 6000 support.
Commento:
Likely, pattern 1-2-3-4-5 completed. The move above 8500 opens way to 10000 high.
Commento:
Now need to break up 8650 to confirm the intention to continue rise up.
