Major potential reversal zone on NASDAQ (7619)

NASDAQ:IXIC   Nasdaq Composite Index
Of course in this crazy bull market, talking about reversal zones is always funny.
But well here it is.
If you believe in harmonic patterns , we have an almost perfect Bearish Crab , with an eye (B) between 38-50% of the dotcom krach. The subprime krach felt to 91% (very close to 88.6%)
And the PRZ (potential reversal zone) is at 161.8%, which is 7619 points.
If you're willing to trade it, one could wait for the prices to go slightly above 7619, and wait for a sharp fall from this level. A short entry would be below 7000 ( trend line breakout) with a stop loss above the all time high.
Target would be ... very low.

Note : the pattern is quite huge, prices could touch 7800 without invalidate it. As long as it falls below 7619 after this.
Thanks. Something for me to read up on. Any suggested resource for learning how to generate these patterns. I think you are correct in your assessment.
I'm more into Elliott waves currently, which also suggested to me the NASDAQ made a top (see my additional comments on this idea that show Elliott waves with extension showing wave 5 was a 1:1 extension of 3, which was itself about a 1.618 extension of 1).
SebastienYC_FR CryptoTA4U
@CryptoTA4U, Thank you for your comment. I use my brain to generate the patterns. On lower time frame check my recent (bearish) analysis
CryptoTA4U SebastienYC_FR
@SebastienYC_FR, Well, different method, but our targets seem to agree.
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