Planet Fitness looks almost identical to the $SQ chart after bouncing at the bottom of its channel and about to test the top trend line shortly.
I suspect the same thing will happen to $PLNT as it did with $SQ and it will reject and pull back for support.
Where support is found will tell us all we need to know.
I have provisionally added in the impulse wave here but we need to see a pull back to at least where our Wave 2 level is now first at the 0.5 Fib at $60.