Fortinet, Inc.

FTNT Elliot Wave Analysis by VIXtraders

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#FTNT. First, it formed an inverted head and shoulders, marked at the red arrows. Second, it has completed a complex correction from minuette (iii) to (iv) in a W-X-Y pattern, which you can see by its sub-waves counts. I expect a bullish run towards target at (v) ~ 124. Earnings May 6th, so if considering FTNT, it is recommended to enter expiration greater than May 6th.

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