![FTNT Elliott Wave technical analysis [Video]](https://editorial.fxsstatic.com/images/i/General-Stocks_3_Large.png "FTNT Elliott Wave technical analysis [Video]")
FTNT Elliott Wave analysis
Mode: Impulsive.
Structure: Motive.
Position: Wave 1 of (5).
Direction: Short-term top forming in wave 1.
Details: Minor wave 1 is nearing completion, following a clear tharee-wave correction in Intermediate wave (4). A corrective wave 2 may follow before resuming the bullish trend in wave (5).
Mode: Impulsive.
Structure: Motive.
Position: Wave {v} of 1.
Direction: Upside expected into wave {v}.
Details: Price is consolidating in Minute wave {iv}. Holding above TradingLevel1 at $100 is critical to confirm a bullish continuation.
Technical analyst: Alessio Barretta.