The USD/NOK chart has formed a double top pattern, fell to the nearest support and has now the possibility of bouncing from there back to the top again, just waiting for a confirmation in the next few days.
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. ;)