The voltage across the LED has to be fairly constant. That is the inherent behavior of an LED! It's like a zener diode. Measure at the top of R2 and see if the current is changing. If the left end of the diodes is about 1.6V to 3.3V then after 2 diodes and a base-emitter junction, that should be about zero to 1.5 volts. Thus the voltage across the 100 ohms is zero to 1.5 and the current is 0 to 15 ma. True? False?
