If the completion of the Pattern completes on 8 Feb 21 at 6pm(+8GMT) or 12pm(+2UTC) it would be a perfect opportunity to short the market.
The reasons as follows:
3) Just nice touching trendline without violating it.
If the pattern completes before 8Feb21, the first 2 reasons still stand and it would depend heavily on how the candle is formed, if it's a long shadow or candle that the candle closing price isn't above the trendline it is still possible to bring in the trendline traders to short the market.
Information can be found here -