The long side ways correction that's been ongoing since Feb 12 is too long to be the fourth of wave 3. I've relabeled this correction as primary wave 4 which implies that the 3rd wave ended on Feb 12 and we should soon be starting a 5th wave. This makes wave 4 proportional to wave 2 of the same degree. There's no hard requirement that it has to be, but it is usually the case. The good news is that the target price range remains the same.