Yes it is a descending tri, but for a more accurate picture go...

Yes it is a descending tri, but for a more accurate picture go over a longer time frame , say from the top at 7. look for the most contact points, and you'll come up with a v large descending tri. Truly a horrible looking chart. Next to pick a bottom. Look for days of for large volume(day of announcement). Many trends finish with large volume , overbought rsi (below 30).   It has broken thru the floor once at 2 ,but is currently holding. There is no confirmation at this stage of a reversal and if 2 does not hold then yes it's probably heading lower, but it will show a bottom at some point in time and if it does go lower it may be for a short period of time due to the downtrend being so long. Candlestick patterns are probably more useful at this stage of the downtrend. TA is really just a guide at  as an exact low at this stage is more a than anything else.