I have my preferred count is that we are working on a expanded flat wave II. If this is the case I have price working a wave c of B with c being an . For this to be valid price can not go above 1.5409. If it does wave 3 (of c) will be the shortest and therefore invalid. My preference is that we are working a final wave (c) of 5. If this is valid the next move will be down in 5 waves to complete the . This should move below 1.3809.
I have a alternative labelled. If this is the case we are working a wave (1) of iii . In this situation 1.5409 would still be the maximum we should reach but after than the correction should be in three waves followed by a wave 3 of iii of III which would be a rapid move up. I will post further information as price unfolds.