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. ;)
Note
it is also forming an ascending trinagle, respecting the trendline until it breaks to the upside oor the down sideTrade 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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.