ALUM formed a double top pattern and shifted into a downtrend Arab Aluminum Co. SAEEGX_DLY:ALUMmnmabroukw36ixALUM formed a double top pattern and shifted into a downtrend 📉. On the bigger picture, price is now sitting at the 50% Fib level, which also aligns with a major price zone 🔎. If price reacts positively from this level, it could mark the start of a new uptrend 📈. I wouldn’t consider entry unless: ✔️ The market shows at least mid-range volume 🔊 ✔️ Price reacts with strong buying volume ✔️ Breaks above 19.6 If the downtrend continues, the next key level is 16.5, aligning with the 200 MA ⚠️. 👍 If you like my posts, please consider boosting