It can be interpreted several different ways. The price trend might be forming a down-sloping pennant; or a wedge. One is bearish. The other has bullish implications.
If it’s a pennant, that suggests every willing buyer is being hit by too many willing sellers, who are under-offering each other, and buyers respond by lowering bids, which are relentlessly being hit. by too many sellers . Why? Do they know something that I don’t? Or, if the selling stops, its price will spring back (wedge formation). The first one should absolutely be avoided “to the long side”, as we used to say; the other (the wedge) means it should be played to the long side with a protective stop. But, which is it?
Offhand, without some further analysis (very problematic in and of itself) I can’t make heads or tails out of this. 6/7/20