#TESLA #NASDAQ #4HR - Here is Tesla 4hr log chart. During the recent few days, Tesla has shown some powerful bullish momentum. - Yesterday it mad a new high at 1792 and has been resisted by the top of the red channel. - According to my wave counting, I believe all of the impulsive waves have appeared and correction phases are about to emerge. - The resistance for 4hr RSI has been confirmed around 93.10 and furthermore, MACD histogram bearish divergence can be also interpreted as a bearish signal. - Here are some of major supports I am considering: 1375~1445, 1170~1240, 950~1030, and 715~795. - For shorter term, keep an eye on the blue upward trendline. It is currently testing its support. When it gets broken below, get ready for the correction phase scenario.