SOLB | Confirmed Descending Triangle Breakout – 32% Target📍 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.
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