Curious, the red line seems arbitrary? Especially as you've cut off a higher peak to the left shoulder. Plus you show hitting the line then what, stopping, going up, reversing? Just, "progress in the direction of the line?"
We are in a descending channel, and breaking that is of more significance than breaking the red line. That being said, my head and shoulders target does exceed it. https://steemit.com/bitcoin/@cryptoventures/btc-breaks-my-wedge