Nasdaq - Where is it heading?

This is the Nasdaq over the past 8 years. I have plotted major corrections.

COVID-19 Crash 

In the yellow circle, you can observe the initial COVID-19 crash. At the time of the crash, the Nasdaq was at 8,981 points. Since late November 2019, just before the crash, the U.S. market has doubled in value, making this significant drop appear small in retrospect.

Inflation and Economic Concerns 

The blue circle highlights the onset of supply-based inflation across the U.S. and globally, along with growing concerns about the global economy. This period also marks the beginning of the Russian invasion of Ukraine in February 2022. The Nasdaq continued to decline for approximately nine months before rebounding, experiencing a slightly greater fall than during the COVID-19 crash.

Observations

I find it surprising that the inflationary crash was more significant than the COVID-19 crash, as this contrasts with my recollection of events. It's hard to argue that current U.S. and global economic concerns are as severe as these two major events.

We have already seen a 13% drop in the Nasdaq, followed by a small rebound. This represents a significant historical movement for the Nasdaq, with a greater value loss of -2,343 points compared to the -2,117 points lost during the COVID-19 crash.

Based on this information alone, it seems unlikely to me that the Nasdaq will experience further drops larger than those already seen.