If it is a two wire then one of the relays is bad.
The two wire grounds thru the normally closed contacts in the relay that is NOT triggered.
If it runs 'UP' then the NC in the 'Down' relay is good then failsl to run Down it is either failed NC in the in the 'Up' relay OR burnt contacts failing to make a connection when the Down realay contacts its Normally Open (NO) contacts.
An easy way to check if the relay or the pump is bas is to disconnect the 2 wires from the PTT unit at the bullet connectors and connect them directly to a battery. Green on positive and blue on negative should go down and vice versa.
If it works with the direct connections, you'll know something is wrong ahead (trim relay, switch). If it doesn't work, then it's in the PTT unit.
Ok, Reinstall it on the motor, run the trim motor in the up position and lift the OB with your hands. lock it into the full up position and fill it with Dextron III ATF. let it sit a minute and then cycle it down and then up. You may need to help it. Let is sit for 10 minutes to let the air bubble out and refill and repeat, until all air is gone and the unit is bled.