If you zoom out on the Nasdaq using a 13D chart, you'll see a clear 5 wave sequence having recently completed. This argument is bolstered by both wave 3 and wave 5 which are 1.618 extensions of wave 1. Wave 3 and Wave 5 are both identical in length. Using this Wave count you'll also see a myriad of confluent fib levels, extensions, etc; but I'm trying to spare you a convoluted chart.
To me this says we are at a super cycle top and have completed Grand Super Cycle wave 1. At the Nasdaq's recent all time high, we cleared the 2.618 of wave 1 by less than 2%.
If you even remotely respect the Elliott Wave guidelines,, you know what this means. There really isn't a downside limit (well, the all time lows around 50 in 1974) and this likely means we are entering a years or decades long Wave 2 correction.
The crash will most likely be right below the 3.618 fib level on your chart
DataMaestro
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There is a barrage of fib levels between 14,800 and 15,300. I might've been a tad premature in calling a precise top at 14,803, but I'm betting big that this area (14,803 to 15,300) will be the super cycle top. There are massive amounts of fib levels and confluent waves among most degrees and it'll be shocking to see meaningful movement through. We will see. This is just fun for me, but I always put money where my mouth is. I'm 'shorting' the shit outta this market.