๐ Ticker:
SOLB (Solvay SA โ Euronext Brussels)
๐ Timeframe: 1D (Daily)
๐ Price: โฌ30.14
๐ Pattern: Descending triangle breakout confirmed on daily close
๐ Breakout Probability estimation: ~73% (short-term triangle breakout upward)
๐ 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.
โ Daily candle close above descending resistance
โ RSI breakout above 55, building momentum
๐ Stop clearly defined under โฌ27.90 โ optimal risk profile
๐ Volume expanding, validating move
๐ง Updated Trade Plan:
๐ฅ Entry Zone: โฌ29.90โโฌ30.50 (daily confirmation)
โ Stop-Loss: Below โฌ27.90
๐ Hold while structure remains above descending trendline support
๐ฏ Upside Targets & Potential Return (from โฌ30.14)
๐ฏ Target Price Return
Target 1 โฌ33.84 +12.06%
Target 2 โฌ39.76 +32.21%
๐ Pattern Probability โ Daily Structure:
๐ Pattern: Descending Triangle Breakout
๐บ Upward breakout probability: ~73%
๐ฏ Full measured move supports Target 2 if buyers remain active
โ ๏ธ Technical Signals to Watch:
๐ Retest of descending line on lower volume = strong
โ RSI > 55 with bullish structure
๐ Rising volume โ growing institutional interest
๐ Price reclaiming structure from broader daily consolidation
๐ฌ 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.
๐ Follow TargetTraders for high-probability technical trades.
#SOLB #BreakoutSetup #DescendingTriangle #TechnicalPattern #SwingTrade #Euronext #TargetTraders #VolumeBreakout #ChartAnalysis
SOLB (Solvay SA โ Euronext Brussels)
๐ Timeframe: 1D (Daily)
๐ Price: โฌ30.14
๐ Pattern: Descending triangle breakout confirmed on daily close
๐ Breakout Probability estimation: ~73% (short-term triangle breakout upward)
๐ 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.
โ Daily candle close above descending resistance
โ RSI breakout above 55, building momentum
๐ Stop clearly defined under โฌ27.90 โ optimal risk profile
๐ Volume expanding, validating move
๐ง Updated Trade Plan:
๐ฅ Entry Zone: โฌ29.90โโฌ30.50 (daily confirmation)
โ Stop-Loss: Below โฌ27.90
๐ Hold while structure remains above descending trendline support
๐ฏ Upside Targets & Potential Return (from โฌ30.14)
๐ฏ Target Price Return
Target 1 โฌ33.84 +12.06%
Target 2 โฌ39.76 +32.21%
๐ Pattern Probability โ Daily Structure:
๐ Pattern: Descending Triangle Breakout
๐บ Upward breakout probability: ~73%
๐ฏ Full measured move supports Target 2 if buyers remain active
โ ๏ธ Technical Signals to Watch:
๐ Retest of descending line on lower volume = strong
โ RSI > 55 with bullish structure
๐ Rising volume โ growing institutional interest
๐ Price reclaiming structure from broader daily consolidation
๐ฌ 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.
๐ Follow TargetTraders for high-probability technical trades.
#SOLB #BreakoutSetup #DescendingTriangle #TechnicalPattern #SwingTrade #Euronext #TargetTraders #VolumeBreakout #ChartAnalysis
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.