NATIONALUM

- Reversal in Progress

(NALCO) appears to have completed a classic double top reversal, with price failing twice near the same resistance before breaking lower. The post-breakdown candle structure tells the story—lower highs, repeated bearish candles, and weak recovery attempts indicate that sellers continue to dominate every bounce. For the trend to improve, price first needs to reclaim the recent swing highs. Until then, the candle structure continues to favor caution over aggression.