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WTI (oil) 10/9/2019 1 hour chart

OANDA:WTICOUSD   West Texas Oil
Im looking at the 1 hour chart for WTI today and I see some possible bullish signs when I look at this chart. I see we recently had a pretty well defined Head and shoulders which I pointed out on this chart. After a head and shoulders the candles typically dip and that is precisely what occurred. Of course this is only the hourly chart so the dip wasnt drastic but its still easy to see. After the dip we formed an ascending pennant and broke up from the pennant . Now we seem to be using the break up from said pennant to create what appears to be another bull flag . Of course I need to see a few more candles to confirm. If that is the case we may go ride the top of the cloud and break out of the flag soon. We are above the 50 MA which is bullish but the 200 MA is hanging out above the candles daring WTI to try it. 53.81 is the magic number (200 MA) If we can get above that I would be rather bullish in the short term. There are still hurdles but from what I can see there are some bullish signs. But WTFDIK?
Good break down. Macro view seems to support this.

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