{
  "ticker": {
    "symbol": "WTLS",
    "name": "WISDOMTREE EFFICIENT LONG/SHORT U.S. EQUITY FUND",
    "exchange": "CBOE"
  },
  "latest_week": "2026-08-07",
  "latest_close": 62.6439,
  "latest_open": 61.3052,
  "latest_high": 63.6,
  "latest_low": 60.81,
  "bar_count": 29,
  "analysis_bar_count": 29,
  "reversal_percent": 5.252191800391811,
  "model": {
    "version": "ewc-2.1.0",
    "as_of": "2026-08-07",
    "price_basis": "weekly OHLCV; Elliott pivots use weekly closes",
    "wave_method": "constraint-based Elliott candidate enumeration",
    "cycle_method": "adaptive Hurst-style phasing with nominal harmonic bands, trough spacing, FLD and cyclic trend-line confirmation",
    "repainting_policy": "only the final active pivot is provisional; confirmed pivots are retained"
  },
  "pivots": [
    {
      "index": 0,
      "date": "2026-01-23",
      "price": 51.8564,
      "kind": "low",
      "move_percent": null,
      "weeks": 0,
      "confirmed": true
    },
    {
      "index": 28,
      "date": "2026-08-07",
      "price": 62.6439,
      "kind": "high",
      "move_percent": 20.802639597041065,
      "weeks": 28,
      "confirmed": false
    }
  ],
  "cycle": {
    "phase": "cresting",
    "trend_bias": "bearish",
    "oscillator": 8.018310553212574,
    "slope": -1.0639118024704128,
    "dominant_period_weeks": 40,
    "period_basis": "median confirmed trough-to-trough and crest-to-crest spacing",
    "weeks_since_turn": 28,
    "estimated_weeks_to_next_turn": 0,
    "series": [
      {
        "date": "2026-01-23",
        "value": null
      },
      {
        "date": "2026-01-30",
        "value": null
      },
      {
        "date": "2026-02-06",
        "value": null
      },
      {
        "date": "2026-02-13",
        "value": 0.0
      },
      {
        "date": "2026-02-20",
        "value": 0.0
      },
      {
        "date": "2026-02-27",
        "value": 0.0
      },
      {
        "date": "2026-03-06",
        "value": 0.0
      },
      {
        "date": "2026-03-13",
        "value": 0.0
      },
      {
        "date": "2026-03-20",
        "value": 0.0
      },
      {
        "date": "2026-03-27",
        "value": 0.0
      },
      {
        "date": "2026-04-03",
        "value": 0.0
      },
      {
        "date": "2026-04-10",
        "value": 0.0
      },
      {
        "date": "2026-04-17",
        "value": 0.0
      },
      {
        "date": "2026-04-24",
        "value": 0.0
      },
      {
        "date": "2026-05-01",
        "value": 0.0
      },
      {
        "date": "2026-05-08",
        "value": 0.0
      },
      {
        "date": "2026-05-15",
        "value": 0.0
      },
      {
        "date": "2026-05-22",
        "value": 0.0
      },
      {
        "date": "2026-05-29",
        "value": 0.0
      },
      {
        "date": "2026-06-05",
        "value": 2.3891374881639065
      },
      {
        "date": "2026-06-12",
        "value": 4.675761148937891
      },
      {
        "date": "2026-06-19",
        "value": 7.269920695795138
      },
      {
        "date": "2026-06-26",
        "value": 9.078597619431292
      },
      {
        "date": "2026-07-03",
        "value": 8.709001700052
      },
      {
        "date": "2026-07-10",
        "value": 9.082222355682987
      },
      {
        "date": "2026-07-17",
        "value": 8.58064163452813
      },
      {
        "date": "2026-07-24",
        "value": 8.520600328009674
      },
      {
        "date": "2026-07-31",
        "value": 8.4764262257486
      },
      {
        "date": "2026-08-07",
        "value": 8.018310553212574
      }
    ]
  },
  "hurst": {
    "status": "mixed",
    "phase": "rising",
    "alignment_score": 50,
    "risk_score": 50,
    "trough_alignment": 0,
    "crest_alignment": 0,
    "nearest_trough_window": 19,
    "nearest_crest_window": 13,
    "method": "adaptive Hurst-style phasing with nominal harmonic bands, trough spacing, FLD and cyclic trend-line confirmation",
    "explanation": "Nominal cycles are starting bands, not fixed clocks. Each period adapts to the strongest nearby repeat in detrended weekly prices; projected turns are future intervals and require price confirmation.",
    "cycles": [
      {
        "period": 10,
        "label": "10w",
        "estimated_period": 8,
        "period_range": [
          6,
          10
        ],
        "period_strength": 0,
        "phase": "rising",
        "value": 1.1178276047329867,
        "slope": 0.35876018090739215,
        "amplitude": 2.45,
        "weeks_since_trough": 5,
        "weeks_since_crest": 3,
        "projected_trough_window": 3,
        "projected_crest_window": 5,
        "trough_window": {
          "start": 1,
          "midpoint": 3,
          "end": 5
        },
        "crest_window": {
          "start": 3,
          "midpoint": 5,
          "end": 7
        },
        "fld": {
          "value": 60.68145,
          "state": "crossed up",
          "weeks_since_cross": 4,
          "displacement": 4,
          "explanation": "Median price displaced forward by half the estimated wavelength; a price cross confirms a cyclic turn after it begins."
        },
        "vtl": {
          "available": true,
          "value": 62.78655714285714,
          "state": "price below",
          "slope": 0.7908714285714288,
          "explanation": "A provisional line through the latest two phased troughs; it is supporting evidence, not a standalone signal."
        },
        "trough_indexes": [
          9,
          23
        ],
        "series": [
          {
            "date": "2026-01-23",
            "value": null
          },
          {
            "date": "2026-01-30",
            "value": null
          },
          {
            "date": "2026-02-06",
            "value": null
          },
          {
            "date": "2026-02-13",
            "value": null
          },
          {
            "date": "2026-02-20",
            "value": null
          },
          {
            "date": "2026-02-27",
            "value": null
          },
          {
            "date": "2026-03-06",
            "value": null
          },
          {
            "date": "2026-03-13",
            "value": -1.0
          },
          {
            "date": "2026-03-20",
            "value": -1.0224357143307292
          },
          {
            "date": "2026-03-27",
            "value": -1.786399916360446
          },
          {
            "date": "2026-04-03",
            "value": -1.2134866553606758
          },
          {
            "date": "2026-04-10",
            "value": 0.39540412610674025
          },
          {
            "date": "2026-04-17",
            "value": 2.131801375368913
          },
          {
            "date": "2026-04-24",
            "value": 2.7106004584563044
          },
          {
            "date": "2026-05-01",
            "value": 2.639662834463313
          },
          {
            "date": "2026-05-08",
            "value": 2.241103380451522
          },
          {
            "date": "2026-05-15",
            "value": 1.7938554890901606
          },
          {
            "date": "2026-05-22",
            "value": 1.3367292819445131
          },
          {
            "date": "2026-05-29",
            "value": 1.093315966198111
          },
          {
            "date": "2026-06-05",
            "value": 0.7450838028735782
          },
          {
            "date": "2026-06-12",
            "value": 0.5400457166505674
          },
          {
            "date": "2026-06-19",
            "value": 0.6033379026085484
          },
          {
            "date": "2026-06-26",
            "value": 0.3139891062708834
          },
          {
            "date": "2026-07-03",
            "value": 0.25806631295870125
          },
          {
            "date": "2026-07-10",
            "value": 0.6773660433492301
          },
          {
            "date": "2026-07-17",
            "value": 0.7590674238255946
          },
          {
            "date": "2026-07-24",
            "value": 0.6575838760268687
          },
          {
            "date": "2026-07-31",
            "value": 0.8233099734777554
          },
          {
            "date": "2026-08-07",
            "value": 1.1178276047329867
          }
        ]
      },
      {
        "period": 20,
        "label": "20w",
        "estimated_period": 20,
        "period_range": [
          15,
          25
        ],
        "period_strength": 0,
        "phase": "cresting",
        "value": 0.9361833752986202,
        "slope": -0.024427692097957587,
        "amplitude": 8.736,
        "weeks_since_trough": 1,
        "weeks_since_crest": 7,
        "projected_trough_window": 19,
        "projected_crest_window": 13,
        "trough_window": {
          "start": 14,
          "midpoint": 19,
          "end": 24
        },
        "crest_window": {
          "start": 8,
          "midpoint": 13,
          "end": 18
        },
        "fld": {
          "value": 59.03,
          "state": "crossed up",
          "weeks_since_cross": 17,
          "displacement": 10,
          "explanation": "Median price displaced forward by half the estimated wavelength; a price cross confirms a cyclic turn after it begins."
        },
        "vtl": {
          "available": false,
          "value": null,
          "state": "unavailable"
        },
        "trough_indexes": [
          27
        ],
        "series": [
          {
            "date": "2026-01-23",
            "value": null
          },
          {
            "date": "2026-01-30",
            "value": null
          },
          {
            "date": "2026-02-06",
            "value": null
          },
          {
            "date": "2026-02-13",
            "value": null
          },
          {
            "date": "2026-02-20",
            "value": null
          },
          {
            "date": "2026-02-27",
            "value": null
          },
          {
            "date": "2026-03-06",
            "value": null
          },
          {
            "date": "2026-03-13",
            "value": null
          },
          {
            "date": "2026-03-20",
            "value": null
          },
          {
            "date": "2026-03-27",
            "value": null
          },
          {
            "date": "2026-04-03",
            "value": null
          },
          {
            "date": "2026-04-10",
            "value": null
          },
          {
            "date": "2026-04-17",
            "value": null
          },
          {
            "date": "2026-04-24",
            "value": null
          },
          {
            "date": "2026-05-01",
            "value": null
          },
          {
            "date": "2026-05-08",
            "value": null
          },
          {
            "date": "2026-05-15",
            "value": null
          },
          {
            "date": "2026-05-22",
            "value": null
          },
          {
            "date": "2026-05-29",
            "value": null
          },
          {
            "date": "2026-06-05",
            "value": 1.0
          },
          {
            "date": "2026-06-12",
            "value": 0.9927710714569159
          },
          {
            "date": "2026-06-19",
            "value": 1.0190437262391483
          },
          {
            "date": "2026-06-26",
            "value": 0.9425556021462725
          },
          {
            "date": "2026-07-03",
            "value": 0.9068716002874648
          },
          {
            "date": "2026-07-10",
            "value": 0.9733852053745294
          },
          {
            "date": "2026-07-17",
            "value": 0.9606110673965778
          },
          {
            "date": "2026-07-24",
            "value": 0.9008882750190689
          },
          {
            "date": "2026-07-31",
            "value": 0.8927601399468446
          },
          {
            "date": "2026-08-07",
            "value": 0.9361833752986202
          }
        ]
      },
      {
        "period": 40,
        "label": "40w",
        "estimated_period": 40,
        "period_range": [
          30,
          50
        ],
        "period_strength": 0,
        "phase": "warming",
        "value": null,
        "slope": 0.0,
        "amplitude": null,
        "weeks_since_trough": null,
        "weeks_since_crest": null,
        "projected_trough_window": null,
        "projected_crest_window": null,
        "trough_window": null,
        "crest_window": null,
        "fld": {
          "value": 50.5676,
          "state": "unconfirmed",
          "weeks_since_cross": null,
          "displacement": 20,
          "explanation": "Median price displaced forward by half the estimated wavelength; a price cross confirms a cyclic turn after it begins."
        },
        "vtl": {
          "available": false,
          "value": null,
          "state": "unavailable"
        },
        "trough_indexes": [],
        "series": [
          {
            "date": "2026-01-23",
            "value": null
          },
          {
            "date": "2026-01-30",
            "value": null
          },
          {
            "date": "2026-02-06",
            "value": null
          },
          {
            "date": "2026-02-13",
            "value": null
          },
          {
            "date": "2026-02-20",
            "value": null
          },
          {
            "date": "2026-02-27",
            "value": null
          },
          {
            "date": "2026-03-06",
            "value": null
          },
          {
            "date": "2026-03-13",
            "value": null
          },
          {
            "date": "2026-03-20",
            "value": null
          },
          {
            "date": "2026-03-27",
            "value": null
          },
          {
            "date": "2026-04-03",
            "value": null
          },
          {
            "date": "2026-04-10",
            "value": null
          },
          {
            "date": "2026-04-17",
            "value": null
          },
          {
            "date": "2026-04-24",
            "value": null
          },
          {
            "date": "2026-05-01",
            "value": null
          },
          {
            "date": "2026-05-08",
            "value": null
          },
          {
            "date": "2026-05-15",
            "value": null
          },
          {
            "date": "2026-05-22",
            "value": null
          },
          {
            "date": "2026-05-29",
            "value": null
          },
          {
            "date": "2026-06-05",
            "value": null
          },
          {
            "date": "2026-06-12",
            "value": null
          },
          {
            "date": "2026-06-19",
            "value": null
          },
          {
            "date": "2026-06-26",
            "value": null
          },
          {
            "date": "2026-07-03",
            "value": null
          },
          {
            "date": "2026-07-10",
            "value": null
          },
          {
            "date": "2026-07-17",
            "value": null
          },
          {
            "date": "2026-07-24",
            "value": null
          },
          {
            "date": "2026-07-31",
            "value": null
          },
          {
            "date": "2026-08-07",
            "value": null
          }
        ]
      },
      {
        "period": 80,
        "label": "80w",
        "estimated_period": 80,
        "period_range": [
          61,
          99
        ],
        "period_strength": 0,
        "phase": "warming",
        "value": null,
        "slope": 0.0,
        "amplitude": null,
        "weeks_since_trough": null,
        "weeks_since_crest": null,
        "projected_trough_window": null,
        "projected_crest_window": null,
        "trough_window": null,
        "crest_window": null,
        "fld": {
          "value": null,
          "state": "unconfirmed",
          "weeks_since_cross": null,
          "displacement": 40,
          "explanation": "Median price displaced forward by half the estimated wavelength; a price cross confirms a cyclic turn after it begins."
        },
        "vtl": {
          "available": false,
          "value": null,
          "state": "unavailable"
        },
        "trough_indexes": [],
        "series": [
          {
            "date": "2026-01-23",
            "value": null
          },
          {
            "date": "2026-01-30",
            "value": null
          },
          {
            "date": "2026-02-06",
            "value": null
          },
          {
            "date": "2026-02-13",
            "value": null
          },
          {
            "date": "2026-02-20",
            "value": null
          },
          {
            "date": "2026-02-27",
            "value": null
          },
          {
            "date": "2026-03-06",
            "value": null
          },
          {
            "date": "2026-03-13",
            "value": null
          },
          {
            "date": "2026-03-20",
            "value": null
          },
          {
            "date": "2026-03-27",
            "value": null
          },
          {
            "date": "2026-04-03",
            "value": null
          },
          {
            "date": "2026-04-10",
            "value": null
          },
          {
            "date": "2026-04-17",
            "value": null
          },
          {
            "date": "2026-04-24",
            "value": null
          },
          {
            "date": "2026-05-01",
            "value": null
          },
          {
            "date": "2026-05-08",
            "value": null
          },
          {
            "date": "2026-05-15",
            "value": null
          },
          {
            "date": "2026-05-22",
            "value": null
          },
          {
            "date": "2026-05-29",
            "value": null
          },
          {
            "date": "2026-06-05",
            "value": null
          },
          {
            "date": "2026-06-12",
            "value": null
          },
          {
            "date": "2026-06-19",
            "value": null
          },
          {
            "date": "2026-06-26",
            "value": null
          },
          {
            "date": "2026-07-03",
            "value": null
          },
          {
            "date": "2026-07-10",
            "value": null
          },
          {
            "date": "2026-07-17",
            "value": null
          },
          {
            "date": "2026-07-24",
            "value": null
          },
          {
            "date": "2026-07-31",
            "value": null
          },
          {
            "date": "2026-08-07",
            "value": null
          }
        ]
      }
    ],
    "composite": [
      {
        "date": "2026-01-23",
        "value": null
      },
      {
        "date": "2026-01-30",
        "value": null
      },
      {
        "date": "2026-02-06",
        "value": null
      },
      {
        "date": "2026-02-13",
        "value": null
      },
      {
        "date": "2026-02-20",
        "value": null
      },
      {
        "date": "2026-02-27",
        "value": null
      },
      {
        "date": "2026-03-06",
        "value": null
      },
      {
        "date": "2026-03-13",
        "value": -1.0
      },
      {
        "date": "2026-03-20",
        "value": -1.0224357143307292
      },
      {
        "date": "2026-03-27",
        "value": -1.786399916360446
      },
      {
        "date": "2026-04-03",
        "value": -1.2134866553606758
      },
      {
        "date": "2026-04-10",
        "value": 0.3954041261067402
      },
      {
        "date": "2026-04-17",
        "value": 2.131801375368913
      },
      {
        "date": "2026-04-24",
        "value": 2.7106004584563044
      },
      {
        "date": "2026-05-01",
        "value": 2.639662834463313
      },
      {
        "date": "2026-05-08",
        "value": 2.241103380451522
      },
      {
        "date": "2026-05-15",
        "value": 1.7938554890901603
      },
      {
        "date": "2026-05-22",
        "value": 1.3367292819445131
      },
      {
        "date": "2026-05-29",
        "value": 1.093315966198111
      },
      {
        "date": "2026-06-05",
        "value": 0.8980335211494312
      },
      {
        "date": "2026-06-12",
        "value": 0.8116809295343765
      },
      {
        "date": "2026-06-19",
        "value": 0.8527613967869082
      },
      {
        "date": "2026-06-26",
        "value": 0.6911290037961169
      },
      {
        "date": "2026-07-03",
        "value": 0.6473494853559594
      },
      {
        "date": "2026-07-10",
        "value": 0.8549775405644097
      },
      {
        "date": "2026-07-17",
        "value": 0.8799936099681844
      },
      {
        "date": "2026-07-24",
        "value": 0.8035665154221888
      },
      {
        "date": "2026-07-31",
        "value": 0.8649800733592089
      },
      {
        "date": "2026-08-07",
        "value": 1.0088410670723666
      }
    ]
  },
  "structure": {
    "primary": null,
    "alternates": [],
    "degrees": [
      {
        "key": "strategic",
        "label": "Strategic",
        "reversal_percent": 8.403506880626898,
        "primary": null,
        "candidate_count": 0,
        "explanation": "Strategic degree uses a 8.4% weekly closing-price reversal threshold."
      },
      {
        "key": "primary",
        "label": "Primary",
        "reversal_percent": 5.252191800391811,
        "primary": null,
        "candidate_count": 0,
        "explanation": "Primary degree uses a 5.3% weekly closing-price reversal threshold."
      },
      {
        "key": "tactical",
        "label": "Tactical",
        "reversal_percent": 3.6765342602742677,
        "primary": null,
        "candidate_count": 0,
        "explanation": "Tactical degree uses a 3.7% weekly closing-price reversal threshold."
      }
    ],
    "stability": {
      "score": 0,
      "changes": null,
      "observations": 0,
      "label": "Unavailable"
    },
    "method": "constraint-based Elliott candidate enumeration",
    "explanation": "Counts must pass hard Elliott geometry rules. Fibonacci relationships, alternation and cycle evidence rank admissible interpretations; evidence weights compare scenarios and are not forecast probabilities."
  },
  "scenario": {
    "setup": "warming",
    "title": "Needs more weekly history",
    "direction": "neutral",
    "confidence": 20,
    "labels": [],
    "notes": [
      "At least 65 weekly bars gives the wave and cycle model enough context."
    ],
    "metrics": {}
  },
  "detail": {
    "summary": "The closing-price swing map is classified as needs more weekly history. 1 of 3 available confirmation measures are constructive.",
    "returns": [
      {
        "weeks": 4,
        "label": "4-week return",
        "value": 2.1483406819901423
      },
      {
        "weeks": 13,
        "label": "13-week return",
        "value": 9.84434426272627
      },
      {
        "weeks": 26,
        "label": "26-week return",
        "value": 21.618803923243586
      },
      {
        "weeks": 52,
        "label": "52-week return",
        "value": null
      }
    ],
    "range": {
      "high_52": 63.89,
      "low_52": 47.2101,
      "position_52": 92.52933171062178,
      "drawdown": -1.950383471591796
    },
    "risk": {
      "annualised_volatility": 15.53061910812738,
      "average_weekly_range": 3.340897049132554,
      "active_drawdown": 0.0
    },
    "levels": {
      "support": {
        "index": 0,
        "date": "2026-01-23",
        "price": 51.8564,
        "kind": "low",
        "move_percent": null,
        "weeks": 0,
        "confirmed": true
      },
      "resistance": null,
      "decisive": {
        "index": 0,
        "date": "2026-01-23",
        "price": 51.8564,
        "kind": "low",
        "move_percent": null,
        "weeks": 0,
        "confirmed": true
      },
      "decisive_label": "Nearest confirmed structure level",
      "trend": null,
      "fair_value": 55.518397,
      "trend_gap": null,
      "fair_value_gap": 12.834489799840586
    },
    "active_swing": {
      "from": {
        "index": 0,
        "date": "2026-01-23",
        "price": 51.8564,
        "kind": "low",
        "move_percent": null,
        "weeks": 0,
        "confirmed": true
      },
      "to": {
        "index": 28,
        "date": "2026-08-07",
        "price": 62.6439,
        "kind": "high",
        "move_percent": 20.802639597041065,
        "weeks": 28,
        "confirmed": false
      },
      "move_percent": 20.802639597041065,
      "weeks": 28,
      "status": "Forming"
    },
    "confirmation": {
      "rows": [
        {
          "label": "Trend",
          "status": "neutral",
          "value": "Unavailable",
          "explanation": "The 30-week trend line is not available."
        },
        {
          "label": "Cycle pressure",
          "status": "negative",
          "value": "Cresting",
          "explanation": "The medium-term pressure curve is not rising."
        },
        {
          "label": "Cycle alignment",
          "status": "neutral",
          "value": "Mixed",
          "explanation": "Cycle lengths are not moving in one clear direction."
        },
        {
          "label": "Relative strength",
          "status": "neutral",
          "value": "Unavailable",
          "explanation": "The reading is neutral or unavailable."
        },
        {
          "label": "Market activity",
          "status": "neutral",
          "value": "Unavailable",
          "explanation": "The reading is neutral or unavailable."
        },
        {
          "label": "Market dynamics",
          "status": "positive",
          "value": "+0.1",
          "explanation": "Price and volume behaviour is supportive"
        },
        {
          "label": "30-week momentum",
          "status": "neutral",
          "value": "Unavailable",
          "explanation": "The reading is neutral or unavailable."
        }
      ],
      "positive": 1,
      "negative": 1,
      "neutral": 1,
      "observed": 3,
      "agreement": 33,
      "direction": "mixed",
      "scenario_direction": "neutral"
    },
    "evidence": {
      "score": 23,
      "history_score": 11,
      "indicator_coverage": 34,
      "structure_score": 17,
      "weekly_observations": 29,
      "confirmed_pivots": 1
    },
    "volume_ratio": 70.00400342658878,
    "historical": {
      "available": false,
      "matches": 0,
      "horizons": [],
      "note": "At least 90 weekly observations are required."
    },
    "lifecycle": {
      "state": "observing",
      "label": "Observing",
      "now": "No rule-valid primary Elliott count is dominant.",
      "next": "Wait for a valid swing structure or a confirmed cycle turn.",
      "wrong": "No active thesis to invalidate.",
      "risk": "Forcing a wave count where the geometry does not support one."
    },
    "peer_evidence": {
      "available": true,
      "peers": 16,
      "constructive_count": 3,
      "constructive_percent": 19,
      "rising_cycle_count": 3,
      "rising_cycle_percent": 19,
      "horizons": [
        {
          "weeks": 4,
          "observations": 0,
          "positive_rate": null,
          "median_return": null,
          "average_return": null,
          "median_excess_return": null,
          "excess_observations": 0,
          "p10": null,
          "p90": null
        },
        {
          "weeks": 13,
          "observations": 0,
          "positive_rate": null,
          "median_return": null,
          "average_return": null,
          "median_excess_return": null,
          "excess_observations": 0,
          "p10": null,
          "p90": null
        },
        {
          "weeks": 26,
          "observations": 0,
          "positive_rate": null,
          "median_return": null,
          "average_return": null,
          "median_excess_return": null,
          "excess_observations": 0,
          "p10": null,
          "p90": null
        }
      ],
      "benchmark": "SPY",
      "explanation": "Breadth shows whether peers share the structure. Cohort outcomes use non-overlapping, point-in-time trend and momentum states from the same sector and report benchmark excess return when matching benchmark bars exist; they are context, not a backtest of the Elliott count."
    },
    "event_positioning": {
      "earnings_date": null,
      "earnings_weeks": null,
      "options_available": false,
      "options_direction": null,
      "options_conviction": null,
      "expected_move": null,
      "invalidation_distance": null,
      "collision": false,
      "flags": [],
      "explanation": "Event and positioning context tests whether a scheduled catalyst or the options-implied move could overwhelm the technical structure."
    },
    "downside_vulnerability": {
      "score": 44,
      "label": "Watch",
      "tone": "watch",
      "components": [
        {
          "key": "wave",
          "label": "Wave maturity",
          "score": 0,
          "maximum": 25,
          "bar_width": 0,
          "explanation": "The primary count is not presently a mature Wave 5."
        },
        {
          "key": "extension",
          "label": "Trend extension",
          "score": 0,
          "maximum": 20,
          "bar_width": 0,
          "explanation": "Price is 0.0% above the 30-week trend; large positive gaps increase snap-back vulnerability."
        },
        {
          "key": "range",
          "label": "Range position",
          "score": 11,
          "maximum": 15,
          "bar_width": 70,
          "explanation": "Price is 93% of the way through its 52-week low-to-high range."
        },
        {
          "key": "cycle",
          "label": "Cycle rollover",
          "score": 15,
          "maximum": 15,
          "bar_width": 100,
          "explanation": "Medium-term cycle pressure is cresting."
        },
        {
          "key": "hurst",
          "label": "Multi-cycle risk",
          "score": 8,
          "maximum": 15,
          "bar_width": 50,
          "explanation": "Hurst risk alignment is 50/100."
        },
        {
          "key": "stability",
          "label": "Count instability",
          "score": 10,
          "maximum": 10,
          "bar_width": 100,
          "explanation": "The primary interpretation has unavailable recent stability."
        },
        {
          "key": "event",
          "label": "Event proximity",
          "score": 0,
          "maximum": 10,
          "bar_width": 0,
          "explanation": "No upcoming stored earnings date is available."
        }
      ],
      "warnings": [
        "Price is 93% of the way through its 52-week low-to-high range.",
        "Medium-term cycle pressure is cresting.",
        "The primary interpretation has unavailable recent stability."
      ],
      "explanation": "This is a pre-emptive vulnerability checklist, not a probability of decline. It rises when mature wave structure, overextension, cycle rollover, count instability and event risk cluster before price breaks down."
    }
  },
  "chart": {
    "dates": [
      "2026-01-23",
      "2026-01-30",
      "2026-02-06",
      "2026-02-13",
      "2026-02-20",
      "2026-02-27",
      "2026-03-06",
      "2026-03-13",
      "2026-03-20",
      "2026-03-27",
      "2026-04-03",
      "2026-04-10",
      "2026-04-17",
      "2026-04-24",
      "2026-05-01",
      "2026-05-08",
      "2026-05-15",
      "2026-05-22",
      "2026-05-29",
      "2026-06-05",
      "2026-06-12",
      "2026-06-19",
      "2026-06-26",
      "2026-07-03",
      "2026-07-10",
      "2026-07-17",
      "2026-07-24",
      "2026-07-31",
      "2026-08-07"
    ],
    "close": [
      51.8564,
      51.6359,
      51.5084,
      50.3939,
      51.0904,
      51.4594,
      50.41,
      50.2648,
      49.9452,
      48.0272,
      49.9724,
      52.3726,
      54.947,
      55.8101,
      56.0275,
      57.0297,
      58.1373,
      58.7612,
      59.473,
      58.4815,
      58.6324,
      59.7405,
      58.41,
      59.3536,
      61.3264,
      60.5619,
      60.3234,
      61.4375,
      62.6439
    ],
    "trend": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null
    ],
    "sma30": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null
    ],
    "roc30": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null
    ],
    "drawdown": [
      0.0,
      -0.42521270277150214,
      -0.6710839934897119,
      -2.8202883347089243,
      -1.4771561465894243,
      -0.7655757052167109,
      -2.789241057998635,
      -3.069245069075369,
      -3.685562437809028,
      -7.384238011123024,
      -3.6331098957891412,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      -1.6671430733273958,
      -1.4134144906091874,
      0.0,
      -2.227132347402517,
      -0.647634351905319,
      0.0,
      -1.24660831224399,
      -1.6355109708053956,
      0.0,
      0.0
    ],
    "volatility": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      8.180295174061323,
      10.867343186744389,
      14.767511379434534,
      17.672071535294034,
      19.43277544565523,
      18.779373541178686,
      18.10049242282786,
      17.620217739537342,
      17.205614311639433,
      16.701162880893204,
      16.247378517807725,
      16.301245620063288,
      15.901051679213468,
      15.636092733773463,
      15.896530482422358,
      15.623452201823564,
      15.785751059599434,
      15.715764046950106,
      15.477920327587064,
      15.49578980840648,
      15.53061910812738
    ],
    "volumeRatio": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      16.309969477940875,
      12.602090929885227,
      14.9200318105505,
      194.96581230756928,
      18.886718330721507,
      10.907781439919393,
      31.984413405303464,
      14.731526806126721,
      12.55508858448733,
      11.843965394787572,
      16.120663650075414,
      43.62344896696042,
      106.25901176762432,
      57.92049299178347,
      45.03683834154765,
      45.4245065399818,
      102.0272575461026,
      111.84270690443529,
      47.2088833795768,
      81.05331010230586,
      660.7095718283089,
      70.00400342658878
    ],
    "fairValue": [
      51.8564,
      51.74615,
      51.6669,
      51.34865,
      51.297,
      51.324067,
      51.193486,
      51.0774,
      50.9516,
      50.65916,
      50.596727,
      50.744717,
      51.067969,
      51.406693,
      51.714747,
      52.046931,
      52.405188,
      52.7583,
      53.111705,
      53.380195,
      53.6303,
      53.908036,
      54.103774,
      54.322517,
      54.602672,
      54.831873,
      55.035263,
      55.263914,
      55.518397
    ],
    "marketActivity": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null
    ],
    "marketDynamics": [
      null,
      null,
      null,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      0.0,
      null,
      null,
      null,
      null,
      null,
      0.090589
    ],
    "relativeStrength": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null
    ],
    "cycle": [
      {
        "date": "2026-01-23",
        "value": null
      },
      {
        "date": "2026-01-30",
        "value": null
      },
      {
        "date": "2026-02-06",
        "value": null
      },
      {
        "date": "2026-02-13",
        "value": 0.0
      },
      {
        "date": "2026-02-20",
        "value": 0.0
      },
      {
        "date": "2026-02-27",
        "value": 0.0
      },
      {
        "date": "2026-03-06",
        "value": 0.0
      },
      {
        "date": "2026-03-13",
        "value": 0.0
      },
      {
        "date": "2026-03-20",
        "value": 0.0
      },
      {
        "date": "2026-03-27",
        "value": 0.0
      },
      {
        "date": "2026-04-03",
        "value": 0.0
      },
      {
        "date": "2026-04-10",
        "value": 0.0
      },
      {
        "date": "2026-04-17",
        "value": 0.0
      },
      {
        "date": "2026-04-24",
        "value": 0.0
      },
      {
        "date": "2026-05-01",
        "value": 0.0
      },
      {
        "date": "2026-05-08",
        "value": 0.0
      },
      {
        "date": "2026-05-15",
        "value": 0.0
      },
      {
        "date": "2026-05-22",
        "value": 0.0
      },
      {
        "date": "2026-05-29",
        "value": 0.0
      },
      {
        "date": "2026-06-05",
        "value": 2.3891374881639065
      },
      {
        "date": "2026-06-12",
        "value": 4.675761148937891
      },
      {
        "date": "2026-06-19",
        "value": 7.269920695795138
      },
      {
        "date": "2026-06-26",
        "value": 9.078597619431292
      },
      {
        "date": "2026-07-03",
        "value": 8.709001700052
      },
      {
        "date": "2026-07-10",
        "value": 9.082222355682987
      },
      {
        "date": "2026-07-17",
        "value": 8.58064163452813
      },
      {
        "date": "2026-07-24",
        "value": 8.520600328009674
      },
      {
        "date": "2026-07-31",
        "value": 8.4764262257486
      },
      {
        "date": "2026-08-07",
        "value": 8.018310553212574
      }
    ],
    "hurstComposite": [
      {
        "date": "2026-01-23",
        "value": null
      },
      {
        "date": "2026-01-30",
        "value": null
      },
      {
        "date": "2026-02-06",
        "value": null
      },
      {
        "date": "2026-02-13",
        "value": null
      },
      {
        "date": "2026-02-20",
        "value": null
      },
      {
        "date": "2026-02-27",
        "value": null
      },
      {
        "date": "2026-03-06",
        "value": null
      },
      {
        "date": "2026-03-13",
        "value": -1.0
      },
      {
        "date": "2026-03-20",
        "value": -1.0224357143307292
      },
      {
        "date": "2026-03-27",
        "value": -1.786399916360446
      },
      {
        "date": "2026-04-03",
        "value": -1.2134866553606758
      },
      {
        "date": "2026-04-10",
        "value": 0.3954041261067402
      },
      {
        "date": "2026-04-17",
        "value": 2.131801375368913
      },
      {
        "date": "2026-04-24",
        "value": 2.7106004584563044
      },
      {
        "date": "2026-05-01",
        "value": 2.639662834463313
      },
      {
        "date": "2026-05-08",
        "value": 2.241103380451522
      },
      {
        "date": "2026-05-15",
        "value": 1.7938554890901603
      },
      {
        "date": "2026-05-22",
        "value": 1.3367292819445131
      },
      {
        "date": "2026-05-29",
        "value": 1.093315966198111
      },
      {
        "date": "2026-06-05",
        "value": 0.8980335211494312
      },
      {
        "date": "2026-06-12",
        "value": 0.8116809295343765
      },
      {
        "date": "2026-06-19",
        "value": 0.8527613967869082
      },
      {
        "date": "2026-06-26",
        "value": 0.6911290037961169
      },
      {
        "date": "2026-07-03",
        "value": 0.6473494853559594
      },
      {
        "date": "2026-07-10",
        "value": 0.8549775405644097
      },
      {
        "date": "2026-07-17",
        "value": 0.8799936099681844
      },
      {
        "date": "2026-07-24",
        "value": 0.8035665154221888
      },
      {
        "date": "2026-07-31",
        "value": 0.8649800733592089
      },
      {
        "date": "2026-08-07",
        "value": 1.0088410670723666
      }
    ],
    "hurstCycles": {
      "10": [
        {
          "date": "2026-01-23",
          "value": null
        },
        {
          "date": "2026-01-30",
          "value": null
        },
        {
          "date": "2026-02-06",
          "value": null
        },
        {
          "date": "2026-02-13",
          "value": null
        },
        {
          "date": "2026-02-20",
          "value": null
        },
        {
          "date": "2026-02-27",
          "value": null
        },
        {
          "date": "2026-03-06",
          "value": null
        },
        {
          "date": "2026-03-13",
          "value": -1.0
        },
        {
          "date": "2026-03-20",
          "value": -1.0224357143307292
        },
        {
          "date": "2026-03-27",
          "value": -1.786399916360446
        },
        {
          "date": "2026-04-03",
          "value": -1.2134866553606758
        },
        {
          "date": "2026-04-10",
          "value": 0.39540412610674025
        },
        {
          "date": "2026-04-17",
          "value": 2.131801375368913
        },
        {
          "date": "2026-04-24",
          "value": 2.7106004584563044
        },
        {
          "date": "2026-05-01",
          "value": 2.639662834463313
        },
        {
          "date": "2026-05-08",
          "value": 2.241103380451522
        },
        {
          "date": "2026-05-15",
          "value": 1.7938554890901606
        },
        {
          "date": "2026-05-22",
          "value": 1.3367292819445131
        },
        {
          "date": "2026-05-29",
          "value": 1.093315966198111
        },
        {
          "date": "2026-06-05",
          "value": 0.7450838028735782
        },
        {
          "date": "2026-06-12",
          "value": 0.5400457166505674
        },
        {
          "date": "2026-06-19",
          "value": 0.6033379026085484
        },
        {
          "date": "2026-06-26",
          "value": 0.3139891062708834
        },
        {
          "date": "2026-07-03",
          "value": 0.25806631295870125
        },
        {
          "date": "2026-07-10",
          "value": 0.6773660433492301
        },
        {
          "date": "2026-07-17",
          "value": 0.7590674238255946
        },
        {
          "date": "2026-07-24",
          "value": 0.6575838760268687
        },
        {
          "date": "2026-07-31",
          "value": 0.8233099734777554
        },
        {
          "date": "2026-08-07",
          "value": 1.1178276047329867
        }
      ],
      "20": [
        {
          "date": "2026-01-23",
          "value": null
        },
        {
          "date": "2026-01-30",
          "value": null
        },
        {
          "date": "2026-02-06",
          "value": null
        },
        {
          "date": "2026-02-13",
          "value": null
        },
        {
          "date": "2026-02-20",
          "value": null
        },
        {
          "date": "2026-02-27",
          "value": null
        },
        {
          "date": "2026-03-06",
          "value": null
        },
        {
          "date": "2026-03-13",
          "value": null
        },
        {
          "date": "2026-03-20",
          "value": null
        },
        {
          "date": "2026-03-27",
          "value": null
        },
        {
          "date": "2026-04-03",
          "value": null
        },
        {
          "date": "2026-04-10",
          "value": null
        },
        {
          "date": "2026-04-17",
          "value": null
        },
        {
          "date": "2026-04-24",
          "value": null
        },
        {
          "date": "2026-05-01",
          "value": null
        },
        {
          "date": "2026-05-08",
          "value": null
        },
        {
          "date": "2026-05-15",
          "value": null
        },
        {
          "date": "2026-05-22",
          "value": null
        },
        {
          "date": "2026-05-29",
          "value": null
        },
        {
          "date": "2026-06-05",
          "value": 1.0
        },
        {
          "date": "2026-06-12",
          "value": 0.9927710714569159
        },
        {
          "date": "2026-06-19",
          "value": 1.0190437262391483
        },
        {
          "date": "2026-06-26",
          "value": 0.9425556021462725
        },
        {
          "date": "2026-07-03",
          "value": 0.9068716002874648
        },
        {
          "date": "2026-07-10",
          "value": 0.9733852053745294
        },
        {
          "date": "2026-07-17",
          "value": 0.9606110673965778
        },
        {
          "date": "2026-07-24",
          "value": 0.9008882750190689
        },
        {
          "date": "2026-07-31",
          "value": 0.8927601399468446
        },
        {
          "date": "2026-08-07",
          "value": 0.9361833752986202
        }
      ],
      "40": [
        {
          "date": "2026-01-23",
          "value": null
        },
        {
          "date": "2026-01-30",
          "value": null
        },
        {
          "date": "2026-02-06",
          "value": null
        },
        {
          "date": "2026-02-13",
          "value": null
        },
        {
          "date": "2026-02-20",
          "value": null
        },
        {
          "date": "2026-02-27",
          "value": null
        },
        {
          "date": "2026-03-06",
          "value": null
        },
        {
          "date": "2026-03-13",
          "value": null
        },
        {
          "date": "2026-03-20",
          "value": null
        },
        {
          "date": "2026-03-27",
          "value": null
        },
        {
          "date": "2026-04-03",
          "value": null
        },
        {
          "date": "2026-04-10",
          "value": null
        },
        {
          "date": "2026-04-17",
          "value": null
        },
        {
          "date": "2026-04-24",
          "value": null
        },
        {
          "date": "2026-05-01",
          "value": null
        },
        {
          "date": "2026-05-08",
          "value": null
        },
        {
          "date": "2026-05-15",
          "value": null
        },
        {
          "date": "2026-05-22",
          "value": null
        },
        {
          "date": "2026-05-29",
          "value": null
        },
        {
          "date": "2026-06-05",
          "value": null
        },
        {
          "date": "2026-06-12",
          "value": null
        },
        {
          "date": "2026-06-19",
          "value": null
        },
        {
          "date": "2026-06-26",
          "value": null
        },
        {
          "date": "2026-07-03",
          "value": null
        },
        {
          "date": "2026-07-10",
          "value": null
        },
        {
          "date": "2026-07-17",
          "value": null
        },
        {
          "date": "2026-07-24",
          "value": null
        },
        {
          "date": "2026-07-31",
          "value": null
        },
        {
          "date": "2026-08-07",
          "value": null
        }
      ],
      "80": [
        {
          "date": "2026-01-23",
          "value": null
        },
        {
          "date": "2026-01-30",
          "value": null
        },
        {
          "date": "2026-02-06",
          "value": null
        },
        {
          "date": "2026-02-13",
          "value": null
        },
        {
          "date": "2026-02-20",
          "value": null
        },
        {
          "date": "2026-02-27",
          "value": null
        },
        {
          "date": "2026-03-06",
          "value": null
        },
        {
          "date": "2026-03-13",
          "value": null
        },
        {
          "date": "2026-03-20",
          "value": null
        },
        {
          "date": "2026-03-27",
          "value": null
        },
        {
          "date": "2026-04-03",
          "value": null
        },
        {
          "date": "2026-04-10",
          "value": null
        },
        {
          "date": "2026-04-17",
          "value": null
        },
        {
          "date": "2026-04-24",
          "value": null
        },
        {
          "date": "2026-05-01",
          "value": null
        },
        {
          "date": "2026-05-08",
          "value": null
        },
        {
          "date": "2026-05-15",
          "value": null
        },
        {
          "date": "2026-05-22",
          "value": null
        },
        {
          "date": "2026-05-29",
          "value": null
        },
        {
          "date": "2026-06-05",
          "value": null
        },
        {
          "date": "2026-06-12",
          "value": null
        },
        {
          "date": "2026-06-19",
          "value": null
        },
        {
          "date": "2026-06-26",
          "value": null
        },
        {
          "date": "2026-07-03",
          "value": null
        },
        {
          "date": "2026-07-10",
          "value": null
        },
        {
          "date": "2026-07-17",
          "value": null
        },
        {
          "date": "2026-07-24",
          "value": null
        },
        {
          "date": "2026-07-31",
          "value": null
        },
        {
          "date": "2026-08-07",
          "value": null
        }
      ]
    },
    "pivots": [
      {
        "index": 0,
        "date": "2026-01-23",
        "price": 51.8564,
        "kind": "low",
        "move_percent": null,
        "weeks": 0,
        "confirmed": true
      },
      {
        "index": 28,
        "date": "2026-08-07",
        "price": 62.6439,
        "kind": "high",
        "move_percent": 20.802639597041065,
        "weeks": 28,
        "confirmed": false
      }
    ],
    "labels": []
  }
}