Nokia possible Inverse H&S coming up

18 Jun 2020

Nokia has met nice resistance at $4.40 and now showing hidden bearish divergence on the weekly that if plays out could turn into Inverse H&S pattern. With the 1 trillion infrastructure bill being announced tomorrow we will see what happens. Could not play out but I think it will... the market doesn’t play fair for those taking positions at resistance for longs. I’m buying $3.5 Puts 7/10 like tons of them lol. If we break and close above the resistance on a significant time frame I’ll exit my position but I feel fairly good about it.