Potential reversal on SPY

We are looking at a potential reversal here on the SPY . To the bullish side. Let's break it down from June 22 2022 until now as you can see the chart tried to perform a reverse head and shoulders. But it did not reach its original high due to a trendline. This shows is that there intense selling pressure and the trend line is still valid. After the not-so-good-looking head and shoulders pattern it retraced to a support zone near 372. Then after it did a rising wedge pattern and the buying pressure broke the trend line. Now it seems like it is going to trace back and hopefully bounce off.

Comment:

It seems like we hit the channel and got a brutal bounce back. We were expecting a rejection earlier but we got it a bit after.