When applying first aid to a victim with severe external bleeding at an accident scene, what is the correct initial procedure?

1. Apply a tourniquet immediately as the first step for any bleeding wound
2. Wash the wound with rubbing alcohol before applying any dressing
3. Apply firm, direct pressure to the wound with a clean cloth or sterile dressing and elevate the injured area if possible
4. Give the victim aspirin to thin the blood and reduce clot formation