Just been thinking about these setups with the ema above the fib, the target is basically the 1:1 target as per any consolidation breakout, this just gets the entry signal a bit earlier and hopefully with more confidence when waiting for the ema to cross, with a higher risk to reward than a typical breakout.
Also, I'm expecting to see a B wave any time now with RDN, so if we don't get the ema crossing the fib then there's a good chance that it is the B wave top stopping at the 62 fib level, probably very useful on the larger trends, i.e. switch to a lower time-frame and look for that confirmation of trend continuation or topping action.
