API3 Shall must go down

There is a downtrend on the instrument, a decrease in trading volumes, the buyer cannot update local highs, all this indicates the presence of its weakness.
In view of the above , a short breakout level was formed with several touches , as well as a downward slope - a descending triangle . I expect that the further inability to update the highs and the price tightening to the level of $ 1.390 will lead to its breakdown into the short.