⚡️ 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.
🎯 Entry Decision
This is a level to watch for a potential short, not an immediate entry. The alignment of former resistance and former support at this retracement zone is what makes it worth monitoring closely.
💰 Execution Plan
Wait for price to reach the highlighted retracement zone before considering a selling opportunity. If price instead reclaims this zone and establishes a bullish structure above it, the setup is invalidated and should not be pursued.
📈 Outlook
A rejection at the highlighted zone supports continuation of the (abc) corrective move lower. A reclaim above it shifts the bias and invalidates this short-side view entirely.
