SOLVAY
Panjang

SOLB | Confirmed Descending Triangle Breakout โ€“ 32% Target

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๐Ÿ“ Ticker:
SOLB (Solvay SA โ€“ Euronext Brussels)
๐Ÿ“† Timeframe: 1D (Daily)
๐Ÿ“‰ Price: โ‚ฌ30.14
๐Ÿ“ˆ Pattern: Descending triangle breakout confirmed on daily close
๐Ÿ“Š Breakout Probability estimation: ~73% (short-term triangle breakout upward)

๐Ÿ” 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.

โœ… Daily candle close above descending resistance
โœ… RSI breakout above 55, building momentum
๐Ÿ“‰ Stop clearly defined under โ‚ฌ27.90 โ†’ optimal risk profile
๐Ÿ“Š Volume expanding, validating move

๐Ÿง  Updated Trade Plan:
๐Ÿ“ฅ Entry Zone: โ‚ฌ29.90โ€“โ‚ฌ30.50 (daily confirmation)
โ›” Stop-Loss: Below โ‚ฌ27.90
๐Ÿ” Hold while structure remains above descending trendline support

๐ŸŽฏ Upside Targets & Potential Return (from โ‚ฌ30.14)

๐ŸŽฏ Target Price Return
Target 1 โ‚ฌ33.84 +12.06%
Target 2 โ‚ฌ39.76 +32.21%

๐Ÿ“Š Pattern Probability โ€“ Daily Structure:
๐Ÿ“ Pattern: Descending Triangle Breakout
๐Ÿ”บ Upward breakout probability: ~73%
๐ŸŽฏ Full measured move supports Target 2 if buyers remain active

โš ๏ธ Technical Signals to Watch:
๐Ÿ”Ž Retest of descending line on lower volume = strong
โœ… RSI > 55 with bullish structure
๐Ÿ“ˆ Rising volume โ†’ growing institutional interest
๐Ÿ“Š Price reclaiming structure from broader daily consolidation

๐Ÿ’ฌ 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.

๐Ÿ”” Follow TargetTraders for high-probability technical trades.

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