Is this a 3 Month higher low shaping?

12 sept.

Considering the history of this chart after 2017, there has been only four swing patterns called higher low.

Is 49,050 the fifth?

I will be monitoring this pattern using lower time frames to find clues.

Using this 3M timeframe, we can only expect price to remain above this low swingpoint (49,050) for the rest of the year.

Prices below the current session low would negate this idea. If broken, the fast ema can potentially act as support.