Nasdaq - the bullish case (no reason to panic?)

I believe we are in an expanded diagonal and could still have a couple of bullish years. It's possible (an alternative scenario) we could soon start the wave 5 of the diagonal, but I think that would be too short considering wave 1 and the proportions. Note that wave 5 isn't going to reach the 1-3 trend line so that wave 3 isn't the shortest.