If this turns out to be a valid Bearish Pennant, it can take the price little lower and form a Lower Low.
This can also form a RSI Bullish Divergence then and help move the price above.
The bearish pennant seems even more valid in a weekly Timeframe
Technical analysis based on Trendlines & Price action
Use it just for reference and do your own analysis
Currently at support
Can anticipate a H&S if the bottom trendline of the Blue Channel acts as a good resistance