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. ;)
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it is also forming an ascending trinagle, respecting the trendline until it breaks to the upside oor the down side
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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