Ticker: 
SOLB (Solvay SA – Euronext Brussels)
📆 Timeframe: 4H (4-hour)
📉 Price: €31.58
📈 Pattern: Descending triangle breakout from horizontal support
📊 Breakout Probability : ~73% upward breakout (short-term triangle)
🔍 Technical Setup:
SOLB has successfully broken above a descending resistance line, bouncing off a solid horizontal support level near €28.00. This forms a bullish descending triangle breakout – a structure that historically resolves upward in short- to mid-term timeframes.
✅ Confirmed breakout from descending triangle
🟢 RSI pushing above 56 = bullish short-term momentum
📉 Defined support below = favorable risk/reward
🧠 Trade Plan:
📥 Entry Zone: €31.40–€31.70 (post-breakout confirmation)
⛔ Stop-Loss: Below €27.90 (under support base and triangle invalidation)
🎯 Upside Targets & ROIC (from €31.58):
Target Price Return
🎯 Target 1 €33.84 +7.15%
🎯 Target 2 €39.76 +25.9%
📊 Pattern Probability – Based on Bulkowski:
📐 Pattern: Descending Triangle (short-term breakout)
🔺 Upward breakout probability: ~73%
💹 Measured move confirms Target 2 if volume remains elevated
⚠️ Technical Signals to Watch:
🔎 Strong green candle breaking the triangle → initial confirmation
✅ RSI breakout with no bearish divergence = supports continuation
📈 Volume spike = buyer interest returning
💬 Solvay’s breakout is a classic textbook move off strong horizontal support.
This is a high-probability swing setup with tight risk and excellent upside potential.
#SOLB #BreakoutSetup #DescendingTriangle #TechnicalPattern #SwingTrade #TargetTraders
SOLB (Solvay SA – Euronext Brussels)📆 Timeframe: 4H (4-hour)
📉 Price: €31.58
📈 Pattern: Descending triangle breakout from horizontal support
📊 Breakout Probability : ~73% upward breakout (short-term triangle)
🔍 Technical Setup:
SOLB has successfully broken above a descending resistance line, bouncing off a solid horizontal support level near €28.00. This forms a bullish descending triangle breakout – a structure that historically resolves upward in short- to mid-term timeframes.
✅ Confirmed breakout from descending triangle
🟢 RSI pushing above 56 = bullish short-term momentum
📉 Defined support below = favorable risk/reward
🧠 Trade Plan:
📥 Entry Zone: €31.40–€31.70 (post-breakout confirmation)
⛔ Stop-Loss: Below €27.90 (under support base and triangle invalidation)
🎯 Upside Targets & ROIC (from €31.58):
Target Price Return
🎯 Target 1 €33.84 +7.15%
🎯 Target 2 €39.76 +25.9%
📊 Pattern Probability – Based on Bulkowski:
📐 Pattern: Descending Triangle (short-term breakout)
🔺 Upward breakout probability: ~73%
💹 Measured move confirms Target 2 if volume remains elevated
⚠️ Technical Signals to Watch:
🔎 Strong green candle breaking the triangle → initial confirmation
✅ RSI breakout with no bearish divergence = supports continuation
📈 Volume spike = buyer interest returning
💬 Solvay’s breakout is a classic textbook move off strong horizontal support.
This is a high-probability swing setup with tight risk and excellent upside potential.
#SOLB #BreakoutSetup #DescendingTriangle #TechnicalPattern #SwingTrade #TargetTraders
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.