March 13, 2026
Extensions That Respect Prior Highs
Fibonacci extensions give tidy targets. Prior swing highs give lived memory. When a 127.2 projection lands into a major opposing level, we reduce size or skip rather than pretend both can be primary.
Extension & Confluence Lab drills this choice on Taiwan equity and FX examples. Participants mark extension first, structure second, then write which one governs the exit. Disagreement drops once everyone stops treating confluence as automatic permission to add size.
Practice by projecting ten completed impulses and noting where extensions and structure disagreed. Clarity of conflict usually improves exits more than hunting a new ratio.