Ultimately no price level can be said to be the peak or bottom value, because the market is constantly responding to the forces of demand and supply and every level is only in the passing. That informs a need to always see whatever current price level for what it is and tag along. The market simply has a mind of its own, best bet is to follow it wherever it goes! Standing in front or thinking instead for it, is a main reason good number of traders often end up buying high and selling low.