Weekly Descending Triangle

This is a bearish set up. Descending triangles are more prone to price break downs. Notice the rejection of the 10 EMA and the trendline. Last time price rejected the trend line there was more bearish action. Volume is also decreasing.Price needs strong upward movement from the 10 EMA the 9.17 price area, and a clean break upward from the trendline. If price breaks downward from this consolidation; price can probably reach the 6.11 price area. You can drop to a lower time frame maybe (1 Day or 4 Hours) and see how price responds to the trendline and the other key levels for possible early entries/exits.