Question Fascist or Communist Spanish Pin ?

Hello, this pin is part of my Spanish collection but I have yet to identify it. I have not been able to find any similar images for this type of badge featuring a helmet superimposed on three arrows. The helmet looks like it could represent an M21 Spanish helmet without wings (sin alla) or M26 Trubia with wings (con alla) These early type of helmets were used by both the Nationalists and the Popular Front. The arrows are a common symbol used by the Nationalists and the Falange in particular. However this configuration of three arrows is similar to the anti-fascists groups like the Iron Front (Eiserne Front) and modern day anarchists "antifa" The arrows for these groups usually point downwards not upwards. it could also belong to any number of foreign troops that fought in the International Brigades. Perhaps it is even a veterans pin. This is all speculation on my part. Any help in identifying this pin or finding similar images would be greatly appreciated.

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M21 and M26 Photo’s courtesy of Brendon’s Helmets :
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Spain M21 Cont. - Brendon’s Helmets


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