PLS chart, page-16851

My simplistic chart suggests the possibility (probability ???) of a pending lower low.
In the event of a lower high to follow does that indicate a greater chance of retracing down?
Wouldn't some exceptional new fundamentals be needed to change that?
(I don't doubt the ability of billions in the bank to produce good news.)

Given the expertise of PLS management I do not rule out exciting future news.
In its absence Mr Market is notoriously fickle?
What do the Elliott waves say?

Do they really have any more than very short tem value?
Just asking and wondering with genuine interest.

I just get the feeling that EW analysis is great for trading short term only.
No disrespect intended for the enormous efforts of EW chartists
Clearly they work and work well for astute traders.

Does EW beat sitting tight and doing nothing if fundamentals are strong?
I both hold and trade so I am not averse to FA and TA views
Not sure if I have enough time to learn your EW skill
The turning points seem too fast for me

What are the Elliott Waves really saying longer term ?