T-Mobile - 30% Opportunity for Short Trade?

Fundamental Indicators:

• Revenue- 2022 TTM shows slowdown compared to the previous year
  
• Profits – falling since 2017, negative cash flow
  
• Net margin - very low with just 2.14% and consistently reducing since 2017
  
• P/E – extremely high at 107 compared to S&P500 with 21
  
• Liabilities - debt ratio is at 0.67 which is within normal limits, Net Debt/ EBITDA is at 3.36 – no problems with debt
  
• Conclusion – it is very likely to start correcting
  

Technical Analysis (Elliott Waves):

• Main scenario of this idea suggests that the high that was formed in July 2021 has completed the global growth cycle which can be observed in a higher timeframe through a five-wave impulse
  
• Since then, we can see first impulsive move to the downside in wave A and currently forming deep correction in wave B
  
• Using Fibonacci retracement levels, we can see that blue wave X is very near completion and a new bear cycle is soon to start
  
• The target area for this move is the previous low of wave A at $101
  

This is a higher timeframe to reflect the full history of T-Mobile and to provide full wave count:

What do you think about T-Mobile and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.

Thanks