Exactly! A lot of information that's needed is overlooked in this thread because of it's length... but you're just tossing money out the door by not reading it all...
You are correct on your assumption of what to expect next. When you can identify the levels and the pushes, which you all should be trying to do, then you can step in and take a trade anywhere in the cycle and be confident in it's outcome.
When you are starting out, I preach to trade ONLY from the Peak High or the Peak Low... because then at least you are going in the right direction.
Everybody comes here in search of the holy grail of price prediction and matching patterns, but in reality we can't even see the pattern that Sympathy follows each and every day, the pattern of placing a trade at a turn point, be it a simply a retrace, a level or a PH or PL.... the same trades are placed each and every day and yet no one sees this pattern. Yet countless people are searching for hours on end looking for chart patterns so they know what price is going to do next.
Why do we take such a simple process and FUBAR it to the max??
Understand that with the SH between levels 2 and 3, always, that you may not have 3 pushes between L2 and L3...
I might state again... which I say a lot here, that a SH to rising prices runs to the high, drops to the low and then GOES! They hit em high and hit them low, and then GO!
SH to falling price is the opposite... lows are hit, then the high of the SH and then it DIES! Hit em low, hit em high and watch it DIE!
Two more repetitive patterns that are overlooked daily, in search of the holy grail....
-CJ-
