Not bad. A few things to clean up.
Don't crank the elbows up like that. Lift the chest up to set the upper back and pull the elbows down. The shoulder only needs to be extended enough so the bar can rest on the rear delts. Getting the upper back in extension will help trap it on the back.
Bring your stance in just a hair. You're right on the edge of being too wide.
That's it for the set up.
For the actual squat, keep your eyes down and locked on a target a few feet out. Cut the depth off by an inch and you're good.