Your thread has been posted in the Adobe Premiere Elements Forum (video editing). Is this a Premiere Elements question?
You mention "elements". What elements - Photoshop Elements or Premiere Elements - what version and on what computer operating system is it running?
What is the file type for this shape image created in Photoshop, presumed Photoshop and not Photoshop Elements.
Please supply the requested information so that we can fine tune a reply for your question.