Maybe I could try to make three cuttings like that?

Your idea to cut is spot on; it will help balance the growth. Either cut choice is fine 1 vs 3...depends on what you plan to do with the cutting. Keep in mind, rooting 1 large cutting will require a rooting area that can accommodate standing it vertically for rooting period, and staking once planted.

Another option is to train that unruly branch with ties..you can pull the branches in and keep them closer to the main stem for stability.

-s

I agree. Either approach will work. Your last cut should be about 6-8 inches from the trunk. I try to make cuts where there are several leaf scars just below the cut to have the best chance at growing multiple branches from the cut area. Sometimes it works and sometimes not. In a year or two (after this branch has recovered and you can see how it grows) you can determine if there needs to be any pruning on the other branches.

Another option is to cut the farthest right branch off in the area where the three yellow circles almost touch. Then do like PV suggested and start training the branch upward.