I suspect the market will go towards 8000 before will make a major correction to 61.8 fibonacci and drops to 5800. I based that on previous market movements since 2008.. The move won’t occour as smooth as on the chart, we can have very choppy market for few months before we reach 8000. Of course I might be wrong, don’t take it as a trading advice
More consistently when a death cross appears on the AUS200, the direction of travel is for a distance south. The AUS200 is superheated (overbought) like many other indices. My estimate is for further travel south. How far - I do not know. Eventually it will of course rise to your projected point.