The chart below shows TLS's stock price over 6-month period. Your company is preparing to take a SHORT position in TLS but is not quite sure about the market movement in the future. You have been asked to prepare an entry strategy (using Ratchet approach) for this trade.

Suppose you are at the time when the current market price is illustrated in the picture below, from four prices that are labelled in yellow, choose the nearest outcome of the trade if you are permitted to risk 2% of capital. 

The entry point is: