Descending Triangle
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The Descending Triangle pattern is a bearish formation.
When price consolidates after a downtrend to form a descending triangle, it will slowly edge lower while repeatedly respecting the same horizontal trendline (support) and downward-sloping diagonal trendline (resistance).
As the price range tightens toward the point of the triangle and volatility dies down, a new trend and spike in volatility often follow.
While certainly not guaranteed, the expectation for a descending triangle is for price to eventually push below its horizontal trendline (support) at or near the point of the triangle for a continuation of its downtrend.