WTI SHORT POTENTIAL COUNTER-TREND (SWING TRADE)

I AM LOOKING AT A POTENTIAL BULLISH FLAG PENNANT PLAY. PRICE HAS SPIKED UP FROM DEMAND/SUPPORT AND IS NOW RANGING MAKING PROGRESSIVE LOWER HIGHS BUT MAINTAINING SUPPORT AROUND 50% FIB 44.00. BREAK OF THIS FORMATION WE COULD SEE POTENTIAL TARGETS AT RANGE EXTENSION 57-58 CONFLUENT PREVIOUS STRUCTURE, 1.618% EXT WEEKLY SUPPLY