Newtek Business out of business. NEWTFurther drops almost guaranteed as we approach pivot on this one on what is already progressing Wave C. Momentum drops are also evident. Keltner channels, and no doubt, and any other oscillator that we can pull up on this TradingView will give more evidence to the fractal picture we are observing here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
