That looks 100% correct. The circle indicates the flight director (F/D) position where you should fly to. Fly the airplane symbol (flight path vector FPV) onto that circle. So right now it shows you should pitch up a bit more to match the flight path angle.
The pitch angle is at the top, where the rectangle is, like I've shown in my screenshot.
If I combine FPV and F/D on HUD, then in this case on PFD I will be above the horizontal FD marker. But this is only during takeoff