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