CPS – Short Trade Setup!

📉 🔴
Ticker: CPS (Cooper-Standard Holdings Inc., NYSE: CPS)
Chart: 30-Minute Timeframe
Pattern: Rising wedge breakdown + trendline rejection

🔻 Entry: $23.37 (break below wedge + resistance rejection)
🔻 Stop-Loss: $25.67 (above wedge breakdown and structure)
🔻 Take Profits:
• TP1: $19.76 – First support zone
• TP2: $16.15 – Measured wedge breakdown target

⚖️ Risk-Reward:
• Risk/Share: $2.30
• Reward to TP2: $7.22
• R:R Ratio: ~1:3.1 ✅

🧠 Technical Highlights:
– Rising wedge pattern broken to downside
– Strong rejection at key resistance (yellow zone)
– Bearish confirmation after breakdown with retest