USDJPY: Bearish Gartley + New Wave Count Points To Wave 3 UP!

Recent price action has been typical of a consolidation wave in that.....IT'S CONFUSING! As a trader and analyst, it isn't unusual to have to go back and reanalyze things over to correct mistaken assumptions. But in this case, I've had to go back again and again and again! My last post on this pair I've already had to update with new corrections FOUR TIMES!
So I think I will just start a new thread of postings instead of updating the old series again. Besides, my new wave counts are something different than before. So here we go.....AGAIN.....

What you are seeing here on my chart is an ascending triangle pattern with a COMPLETED Bearish Gartley already in play. This bearish Gartley is within the triangle pattern and is showing the way down to the last leg (E) of the triangle. After prices reach near the E point, then I will expect that the next move up is the start of the wave 3 that I have spoken about often. There is a POTENTIAL bearish cypher (blue) that would complete not far from where prices are now but it is outside the triangle and if prices were to fill that now, it would break the triangle without completing the wave count and would therefore invalidate this current count. I would then need to AGAIN re-analyze the count and see what's going on. After the triangle has been completed with prices hitting the E point, then when prices do go up, it will encounter the cypher. We'll deal with that when it happens. But for now, this is what I see happening and soon. Possibly before the release of the ADP Employment Change later today.

OVERVIEW - DAILY CHART
4Hr CHART
CONCLUSION AND MY PLAN
Ok. So now this count is much clearer and simpler than the previous ones with all the crazy lines going everywhere, right? Simpler is better? Anyway, I will wait for prices to go down per the Gartley to complete the ascending triangle hitting the E point. Then I will see what the PA is telling me. If it is then showing signs of bullishness, I'll be taking a LONG position at the E point or near it to try to catch the next wave 3. For now, I'll sit on my hands and will not play the short on the Gartley as it is "only" about 40 pips. To me, not worth the risk.

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