Could NASDAQ fall 20% more by end of January?

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Here are my core channels and trendlines. NASDAQ looks to be losing support of the blue channel. If so, I see 2 support trend lines: green line around 9500 and the red line around 8750. If we see the same abc correction wave from earlier this year, that will put us right at 8750 and the red trend line.

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Finding some support at edge of blue channel, but will it hold or break down.

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As noted yesterday, short term support found at edge of blue channel.

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Big break down of support today after that a pause yesterday.

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Wednesday 12/28 and still headed down