Trimble Inc - 45% Shorting Potential?

Given the latest jitter in the US market, increasing risk of recession and slow down of the economy can global software, hardware, and services technology company like TRMB go even deeper into a correction?

Fundamental indicators:

• Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years but with a sign of a slow down in 2021
  
• Profit margin - decent 13.6% margin in 2021
  
• P/E - 34x quite high considering average fundamentals and growth rate
  
• Liabilities - no problems with debt
  

Technical Analysis (Elliott Waves):

• Having analysed the whole historic data of the company it is clear that we are currently observing fifth wave developing, which takes a more complex shape of an Ending Diagonal
  
• The first wave of this diagonal completed in July 2019 with a zigzag followed by wave 2 with a deep retracement which is typical for Ending Diagonals
  
• Since then we have observed completion of a clear impulse in wave A of a zigzag culminating in August 2021 followed by a correction in wave B
  
• Given the sharp nature of this correction and clear structure shaped by zigzags, it is very likely that WXYXZ is forming and we can expect another deep retracement potentially with up to 0.786 to wave A, hence the furthest target to $36
  

What do you think about Trimble 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