⚡️ Market Context
USELESS is in the midst of a corrective move under a possible (abc) pattern, with wave (a) already nearing completion.
📈 Chart Explanation
The setup centers on a possible retracement into a zone where critical broken resistance lines align with a broken supportive trendline, the kind of confluence that often marks a turning point for corrective structures.
📈 Outlook
If price retraces into this aligned technical zone and reacts as expected, it would support the case for continuation lower within the (abc) structure. However, if price instead reclaims this zone and establishes a bullish structure above it, the entire corrective read would be invalidated, pointing to renewed strength instead.
