📍 Ticker:
SOLB (Solvay SA – Euronext Brussels)
📆 Timeframe: 1D (Daily)
📉 Price: €30.14
📈 Pattern: Descending triangle breakout confirmed on daily close
📊 Breakout Probability estimation: ~73% (short-term triangle breakout upward)
🔍 Technical Setup (Updated on Daily Chart):
Solvay has now confirmed the breakout on the daily timeframe, closing above both the horizontal support and the descending trendline. This marks a multi-timeframe confluence breakout, increasing confidence in the projected move toward upper resistance levels.
✅ Daily candle close above descending resistance
✅ RSI breakout above 55, building momentum
📉 Stop clearly defined under €27.90 → optimal risk profile
📊 Volume expanding, validating move
🧠 Updated Trade Plan:
📥 Entry Zone: €29.90–€30.50 (daily confirmation)
⛔ Stop-Loss: Below €27.90
🔁 Hold while structure remains above descending trendline support
🎯 Upside Targets & Potential Return (from €30.14)
🎯 Target Price Return
Target 1 €33.84 +12.06%
Target 2 €39.76 +32.21%
📊 Pattern Probability – Daily Structure:
📐 Pattern: Descending Triangle Breakout
🔺 Upward breakout probability: ~73%
🎯 Full measured move supports Target 2 if buyers remain active
⚠️ Technical Signals to Watch:
🔎 Retest of descending line on lower volume = strong
✅ RSI > 55 with bullish structure
📈 Rising volume → growing institutional interest
📊 Price reclaiming structure from broader daily consolidation
💬 Solvay is transitioning from a textbook 4H breakout to a multi-day continuation setup. The alignment of pattern, structure, and momentum makes this one of the cleaner swing setups on the European market right now.
🔔 Follow TargetTraders for high-probability technical trades.
#SOLB #BreakoutSetup #DescendingTriangle #TechnicalPattern #SwingTrade #Euronext #TargetTraders #VolumeBreakout #ChartAnalysis
SOLB (Solvay SA – Euronext Brussels)
📆 Timeframe: 1D (Daily)
📉 Price: €30.14
📈 Pattern: Descending triangle breakout confirmed on daily close
📊 Breakout Probability estimation: ~73% (short-term triangle breakout upward)
🔍 Technical Setup (Updated on Daily Chart):
Solvay has now confirmed the breakout on the daily timeframe, closing above both the horizontal support and the descending trendline. This marks a multi-timeframe confluence breakout, increasing confidence in the projected move toward upper resistance levels.
✅ Daily candle close above descending resistance
✅ RSI breakout above 55, building momentum
📉 Stop clearly defined under €27.90 → optimal risk profile
📊 Volume expanding, validating move
🧠 Updated Trade Plan:
📥 Entry Zone: €29.90–€30.50 (daily confirmation)
⛔ Stop-Loss: Below €27.90
🔁 Hold while structure remains above descending trendline support
🎯 Upside Targets & Potential Return (from €30.14)
🎯 Target Price Return
Target 1 €33.84 +12.06%
Target 2 €39.76 +32.21%
📊 Pattern Probability – Daily Structure:
📐 Pattern: Descending Triangle Breakout
🔺 Upward breakout probability: ~73%
🎯 Full measured move supports Target 2 if buyers remain active
⚠️ Technical Signals to Watch:
🔎 Retest of descending line on lower volume = strong
✅ RSI > 55 with bullish structure
📈 Rising volume → growing institutional interest
📊 Price reclaiming structure from broader daily consolidation
💬 Solvay is transitioning from a textbook 4H breakout to a multi-day continuation setup. The alignment of pattern, structure, and momentum makes this one of the cleaner swing setups on the European market right now.
🔔 Follow TargetTraders for high-probability technical trades.
#SOLB #BreakoutSetup #DescendingTriangle #TechnicalPattern #SwingTrade #Euronext #TargetTraders #VolumeBreakout #ChartAnalysis
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.