FTNT Elliott Wave Analysis - TradingLounge Daily Chart

Fortinet Inc. (FTNT) Daily Chart Analysis

Fortinet Inc. (FTNT) Elliott Wave Technical Analysis

Mode: Impulsive

Structure: Motive

Position: Wave 1 of (5)

Direction: Short-term top forming in wave 1

Details: Fortinet Inc. ($FTNT) is advancing in an impulsive Elliott Wave sequence, with Minor wave 1 nearing completion after a well-defined three-wave correction in Intermediate wave (4). Traders should anticipate a corrective wave 2 pullback before the uptrend resumes into wave (5), offering potential long setups in line with bullish momentum.

FTNT Elliott Wave Analysis - TradingLounge 1H Chart

Fortinet Inc. (FTNT) 1H Chart Analysis

Mode: Impulsive

Structure: Motive

Position: Wave {v} of 1

Direction: Upside expected into wave {v}

Details: On the 1-hour chart, Fortinet ($FTNT) is consolidating within Minute wave {iv}, preparing for a push higher into wave {v}. Maintaining price action above key support at TradingLevel1 ($100) is essential for confirming the next bullish leg.

Technical Analyst: Alessio Barretta

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here 

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