Nokia Wave Analysis - 30 October 2026

Market Overview

As of October 30, 2026, various financial instruments are showing mixed performance. Key highlights include:

• Gold: $3988.42 (-0.80%)
• EUR/USD: 1.11995 (+0.20%)
• Bitcoin: $78021.16 (-1.22%)
• NASDAQ 100: 28774.12 (-1.06%)
• WTI Crude Oil: $102.545 (+0.56%)
• Silver: $50.755 (-2.66%)

Nokia Technical Analysis

The analysis focuses on Nokia's stock performance, highlighting a recent upward reversal from a significant support level.

Key Points:

• Nokia has reversed from a support level of 8.30, which previously halted a downward wave (A) at the end of July.
• This support level coincides with the lower daily Bollinger Band and the support trendline of a daily down channel established since July.
• The upward movement from this support zone indicates the completion of the ABC correction pattern (2) that began in early June.
• Given the strength of the support at 8.30, it is anticipated that Nokia's stock will rise towards the next resistance level of 10.00, which has historically reversed the price since August.

Conclusion:

Based on the analysis, the recommendation is to buy Nokia shares, as the stock is expected to continue its upward trajectory towards the resistance level of 10.00.