I study Hunt Volatility Theory (themarketsniper.com) What you see on the chart is an inverted HVF pattern. The strongest impulse from bottom to top in the HVF setup creates the downside target. Likewise a regular HVF pattern would be an upside jump. We only trade continuation patterns. This pattern does not need to reach full target and it may not but on balance of probabilities it will more time than it doesn't. I have no idea if it will make target but the horizontal lines are confirmation along the way the pattern is good and will make target.