You've often heard me talk about the "point of maximum pessimism" at bottoming periods but there's also the "point of maximum optimism" in topping phases. These tend to happen around wave 5's and wave B's (emphasized by the red arrows).
I have question marks beside waves A and B because I believe these are likely accurate wave counts.
Notice all of the technical breakdowns: A breaking of the most aggressive phase of the major uptrend (green trend line). Death cross of the moving averages...the price is back to its declining 200-day moving average and at its top Bollinger Band. It's RSI is overbought and its MACD histogram is slumping lower.