Well, it did not get ugly and I was wrong (If you don't know what I am talking about, check out Related Ideas); the formation was not a Complex Head and Shoulders.
After the price touched the bullish trendline (point A), bulls came back into the market. The bullish momentum increased thereafter and in a few days, the price jumped to the ~29.00 resistance level. At this point, a clear Broadening Formations, Right-Angled and Descending, became the chart pattern. As indicated on the chart, the average volume is rising throughout the formation. This indicates better performance after a breakout occurs. After the completion of the pattern on May 29th, we pushed down a little bit, but the price pushed back up shortly thereafter. And today, the price broke out of the pattern with a strong bullish candlestick (no candlestick this chart). My only concern is the ~34.00 resistance level, but in any case, I am long at the beginning of tomorrow's session.
P.S. Not really risk tolerant on any long position at this time (because of the weakening signs of the economy); will keep the stop tight and will trade it on the other direction if the pattern got busted.