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Targets are determined according to Fibonacci.Watch out for wedge resistance on the weekly timeframe

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In order for the formation to be valid, let's look for closures above the resistance point I specified with X. Targets are determined according to Fibonacci.

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Shoulder head and shoulders formation on the chart is the first resistance fibo 0.236 second resistance 0.382 third resistance 0.50 fourth resistance 0.618. Let's carefully follow the falling channel coming from the top.

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Prices are above the kana indicator in the daily timeframe. Pay attention to the wedge resistance in the weekly timeframe.

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Prices are above the kana indicator in the daily timeframe. Pay attention to the wedge resistance in the weekly timeframe.

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Provided that it closes in the region marked with X, the targets are determined according to Fibonacci, respectively.

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There is an inverted shoulder head shoulder formation on the chart. Pay attention to the wedge resistance on the weekly time frame.

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Let's look for a close over the wedge resistance in the daily time frame. In the weekly time frame, it appears as the wedge resistance.

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Let's wait for the closings in the daily time frame. In the weekly time frame, the wedge indicator appears as resistance.

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Inverted shoulder head shoulder formation Let's look for closures where I specify with X

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Shoulder head shoulder formation Targets are determined according to Fibonacci.

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Let's look for closures in the weekly timeframe where I've marked X.

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Let's wait for the closing of the wedge indicator in the daily time frame. In the weekly and monthly time frame, the wedge indicator appears as resistance.

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While the prices are rising in the daily and weekly timeframe, pay attention to the wedge resistance in the monthly timeframe.

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There is an inverted shoulder head shoulder formation on the chart. Targets are determined according to Fibonacci. Wedge indicator appears as resistance in the monthly time frame.

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Inverted shoulder head shoulder formation Pay attention to the wedge resistance in the monthly time frame

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Watch out for wedge resistance weekly Pay attention to Fibonacci levels

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Fibonacci targets should be followed provided that it closes above the wedge indicator.