Interesting to note in the larger picture is the developing . The three strikes to the bottom of the could be a slanted triple bottom. Lower lows could be seen as but another prospective is with lower highs would mean anyone that has entered short in this down trend is likely to still be in the trade if they have not set a target price. Trailing stops would build in these areas.
the current trade would break a minor but not break the close pervious high. If the entry does confirm on the close of the candle then I may look at moving stop to break even rather than exiting if price was to hit the target the n exit from a lower time frame encase price does push through those levels marked on the chart.