So we’ve chosen not to use wave IV as the target for the correction. Instead we use the smallest guideline value of 0.5 x wave (I) for the wave (II) target which also gives the full correction wave ($2475). Though this still represents a fairly severe 50% correction off all-time highs.
For the first leg A we use the end of the smaller degree wave 4 as the target ($3600), then 0.5 x leg A for leg B target ($4275), all according to guidelines.
As a side note, something very interesting about these prices is that they appear to be following the Fibonacci sequence: 0 1 1 2 3 5 8 13 21 etc. For example, end of wave (I) gives a price close to $5k, which is confirmed. End of wave ( III ) is projected to give a price close to $8k using Theory. And perhaps end of wave (V) could give prices close to $13k, sometime in 2019. It will be very interesting to see if this pattern materializes.