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8/05Trade Plan

8/5/20262 min read

🚨 NEW INDICATOR ALERT

👉 Learn more about High-Probability Reaction Levels

⚡ Trade Plan

Ticker: /ES (September Contract)

Bias: Bullish

Market Condition: Price Discovery

🛡️ Trade Less. Demand Confirmation. Protect Accounts.

🧭 Context

Yesterday's breakout confirmed a shift into price discovery. ES rallied from 7629 to 7786 with almost no meaningful pullbacks, then extended overnight to a new all-time high at 7800.

The trend remains firmly bullish. The objective today isn't to call a top—it's to identify where buyers step back in. Until proven otherwise, pullbacks are buying opportunities.

📊 Key Levels

🟥 Resistance

7800 ⭐ Overnight High / ATH
7826 ⭐ Fibonacci Extension
7846 ⭐ Fibonacci Extension
7866 ⭐ Fibonacci Extension
7894 ⭐ Fibonacci Extension
7930 ⭐ 100% Extension

🟩 Support

7740–7718 ⭐ Primary Pullback Zone (Previous ATH Retest)

⭐ Highest Probability — 7762 Pullback Long

Trigger: Pullback into 7762 followed by responsive buying.

Target: 7800 → 7826

Invalidation: Acceptance below 7762.

🟢 Second Opportunity — 7800 Hold & Continue

Trigger: Acceptance above 7800.

Target: 7826 → 7846 → 7866.

🟡 Only If — 7718 Failure

Trigger: Acceptance below 7718.

Target: 7650 → 7630.

Invalidation: Reclaim above 7718.

🔴 Avoid

Chasing extended breakout candles.
Calling a top simply because price is at all-time highs.
Forcing shorts against the strongest trend in weeks.
Buying random pullbacks that lack confirmation.

🎯 Focus

Hold 7740–7718 → buyers remain in control.
Hold above 7800 → opens the path toward 7826 → 7846 → 7866.
Lose 7718 → opens the door for a deeper pullback toward 7650–7630.
Until 7718 breaks, pullbacks are buying opportunities—not reasons to fight the trend.

Today's Reminder: Respect the trend. Let the pullback come to you, then trade the reaction—not the prediction.

Want to see how I spot setups like this? Check out the template and follow along daily for my trade plans.