Waste Management - Time for Big Short?

Although not a 'sexy' and popular tech company WM has enjoyed an exponential growth for the past decade.
Is it time for this bubble to burst?

Fundamental indicators:

• Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years (124.63%)
  
• Profit margin - not impressive but decent 10.30%
  
• P/E - quite overpriced at 36x considering this is not a growth company
  
• Liabilities - no problems there
  

Technically:

• Although the share has enjoyed good growth since March 2020 fall, another considerable drop in 2022 has completed a lengthy and running correction of Wave 4
  
• Since then there was an Ending Diagonal developing and only last wave C of 5 left
  
• After slightly updating the high it is possible for the price to go into long term correction with a considerable drop in the first wave
  
• The target is likely to be the range between $85-$105 which represent 0.5 and 0.382 Fibonacci retracements respectively
  

What do you think about this scenario?

Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.

Thanks