The main basis of this trade is Liquidity seeking. Price will move from one point of liquidity to the next.
Commento:
The confirmation to enter the trade should be a candlestick pattern like a doji or bearish engulfing. So far no such candle. So we dont take the short regardless of the trade going beyond our trigger point. The most ideal situation would have been the candle not closing above the high that was marked with the dollar signs