3 Week Average Range (WAR)
Definition of '3 Week Average Range (WAR)'
Once you have the 3 week average range you take 80% of that number as a minimum target. As with all projection methods we are constantly looking for swing highs and lows and trying to figure out if a high or low has been put in for the week.
If a full 3 WAR has been reached by Wednesday's close then it is possible that we are setting up for a reversal.
This concept was first mentioned by BruceM in a topic called Being Wrong and the 3 DAR.
Compare this to the 3 DAR.
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