bearish move

Based on my technical analysis, oil looks like it will be turning to the bearish side. Price failed to break the key resistance area. There was also a fake breakout made. It can be bearish just for a pullback/ retracement. Price may reached 49.25 for the take profit area which is between the fib levels 32.8% and 50.0%. If you agree with my analysis please like or comment your input.