US/OIL - Breakdown of corrective structure and pre-breakout

We are seing a pre-breakout structure forming and a possible breakdown of the corrective structure if this breakout manifests. Trade idea is pretty straight forward, entry close to the top of the corrective structure in cas of a pullback or a breakout-retest entry.

Short term target for me would be around 48.25 and longer term targets 47.70 and 46.00.