LTC worrying bearish triangle?

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Bought in a good hour before the china announcement at 80 - triangle is closing off, can someone back this up or shed some light on a different outcome?
don't see it climbing back up within a weeks time, based on longer term trends. Maybe a couple weeks and back at 80 again. Mere speculations from a newbie...

If only I wasn't trigger happy - waiting until it breaks out one way would be the best course of action. Should it go up don't buy until you see a few confirmaions.

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