Mahara seem was in a corrective pattern since IPO and looks to be forming the first 5 five impulse. I expect it to make one more up wave or decline from current prices to where it would correct lower to present a buying opportunity as indicated in the red box. Targets are the resistance lines above.
As shown in the chart, five waves impulsive has ended but it seems the subdivision of the 3 wave correction is missing one more wave down till 139.8 to finish the fifth wave of C leg of a zigzag. The targets are shown as a resistance lines.
After an impulsive move upwards, I expect a correction and the another impulsive moveto take out the previous high out.
Fundamentally banks are going to benefit from higher interest rate as well as financing projects and individual investments in business ventures.
Even after its earning call Alphabet seems to be having a hard time it pumping. I expect it might have one more push above todays price then it might correct and will be a buying opportunity once it reaches the red box.
Analysis does not take account of current geopolitical situation and is based solely on Elliott wave analysis.
I would assume the it will follow the black more than the red scenario.
5.80 is the point where you would exit most of your shorts.