The full Nasdaq HW? Was the dot com just a fractal?

The full Nasdaq HW? Was the dot com just a fractal?
The implications here are self explanatory. Absolute devastation to the index is it is a larger HW structure... unless ofcourse supported by a prior phase line, hopefully the Phase 3 (continued to the right) would support and then continue because a return to Phase 2 or 1 would be a complete collapse of the stock market that would be hard to imagine.