Price is forming a XABCD pattern in the weekly chart, touching for the second time in a major resistance, also forming a double top pattern or "M" as you want to call it. You will have more confirmations in favor or against the ideia in a few days. ;)
Comment:
it is also forming an ascending trinagle, respecting the trendline until it breaks to the upside oor the down side
Trade active:
The russian rubble keeps losing strength against the US dollar as expected, it is now a risk free trade, and has a higher chance to keep moving towards the tendence line