A B wave low may be in place now. “The count that I am working with now treats the rally from 1.35 to 1.4990 as wave A of a flat (flats have subwaves 3-3-5).” Wave B is in 3 waves and waves a and c of B are roughly equal (a common occurrence). Exceeding 1.3954 would be the first sign that a low is in place.