{
  "ticker": {
    "symbol": "0141S0",
    "name": "Shinhan Asset Management Co Ltd - Shinhan SOL Shipbuilding Equipment ETF",
    "exchange": "KSC"
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  "latest_open": 7665.0,
  "latest_high": 8665.0,
  "latest_low": 7430.0,
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  "analysis_bar_count": 34,
  "reversal_percent": 16.0,
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    "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"
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          "explanation": "Median price displaced forward by half the estimated wavelength; a price cross confirms a cyclic turn after it begins."
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        "date": "2026-04-17",
        "value": 2.4059056038298134
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        "date": "2026-04-24",
        "value": 2.8019685346099377
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        "date": "2026-05-01",
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        "date": "2026-05-08",
        "value": 1.7458750935453453
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        "date": "2026-05-15",
        "value": 1.0718755613499769
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        "date": "2026-05-22",
        "value": 0.7442884865913981
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        "date": "2026-05-29",
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        "date": "2026-06-05",
        "value": -0.8431759964370519
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        "date": "2026-06-12",
        "value": -1.1704702921008696
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        "date": "2026-06-19",
        "value": -1.3366884529659377
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      {
        "date": "2026-06-26",
        "value": -1.8334224342246213
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      {
        "date": "2026-07-03",
        "value": -1.7999536870685278
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        "date": "2026-07-10",
        "value": -1.749041493571757
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      {
        "date": "2026-07-17",
        "value": -1.660220109263325
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      {
        "date": "2026-07-24",
        "value": -1.3884653653490253
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      {
        "date": "2026-07-31",
        "value": -1.4619647283409059
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      {
        "date": "2026-08-07",
        "value": -1.3511537617042662
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    ]
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  "structure": {
    "primary": null,
    "alternates": [],
    "degrees": [
      {
        "key": "strategic",
        "label": "Strategic",
        "reversal_percent": 24.0,
        "primary": null,
        "candidate_count": 0,
        "explanation": "Strategic degree uses a 24.0% weekly closing-price reversal threshold."
      },
      {
        "key": "primary",
        "label": "Primary",
        "reversal_percent": 16.0,
        "primary": null,
        "candidate_count": 0,
        "explanation": "Primary degree uses a 16.0% weekly closing-price reversal threshold."
      },
      {
        "key": "tactical",
        "label": "Tactical",
        "reversal_percent": 11.2,
        "primary": null,
        "candidate_count": 0,
        "explanation": "Tactical degree uses a 11.2% 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": {}
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  "detail": {
    "summary": "The closing-price swing map is classified as needs more weekly history. Price is 23.0% below its 30-week trend. 0 of 6 available confirmation measures are constructive.",
    "returns": [
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        "weeks": 4,
        "label": "4-week return",
        "value": -4.382470119521912
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      {
        "weeks": 13,
        "label": "13-week return",
        "value": -39.35018050541516
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      {
        "weeks": 26,
        "label": "26-week return",
        "value": -17.673983773129397
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      {
        "weeks": 52,
        "label": "52-week return",
        "value": null
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    "range": {
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      "low_52": 7165.0,
      "position_52": 13.090727487472117,
      "drawdown": -49.39502552147815
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      "average_weekly_range": 13.12942257917945,
      "active_drawdown": -44.75501479776389
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      "decisive": null,
      "decisive_label": "Nearest confirmed structure level",
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        "price": 8400.0,
        "kind": "low",
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        "weeks": 0,
        "confirmed": false
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      "move_percent": null,
      "weeks": 0,
      "status": "Forming"
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    "confirmation": {
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        {
          "label": "Trend",
          "status": "negative",
          "value": "23.0% below trend",
          "explanation": "Price remains below its 30-week trend."
        },
        {
          "label": "Cycle pressure",
          "status": "negative",
          "value": "Falling",
          "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",
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          "value": "-55.9",
          "explanation": "Participation is weak"
        },
        {
          "label": "Market dynamics",
          "status": "negative",
          "value": "-1.0",
          "explanation": "Price and volume behaviour is weak"
        },
        {
          "label": "30-week momentum",
          "status": "negative",
          "value": "-24.7",
          "explanation": "Medium-term momentum is negative"
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      ],
      "positive": 0,
      "negative": 5,
      "neutral": 1,
      "observed": 6,
      "agreement": 83,
      "direction": "defensive",
      "scenario_direction": "neutral"
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      "score": 22,
      "history_score": 13,
      "indicator_coverage": 39,
      "structure_score": 0,
      "weekly_observations": 34,
      "confirmed_pivots": 0
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    "volume_ratio": 58.53847580301591,
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      "matches": 0,
      "horizons": [],
      "note": "At least 90 weekly observations are required."
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    "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": 24,
      "constructive_count": 10,
      "constructive_percent": 42,
      "rising_cycle_count": 1,
      "rising_cycle_percent": 4,
      "horizons": [
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          "observations": 25,
          "positive_rate": 60.0,
          "median_return": 1.4,
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        {
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        {
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      "benchmark": "^KS11",
      "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,
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      "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."
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    "downside_vulnerability": {
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      "label": "Contained",
      "tone": "contained",
      "components": [
        {
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          "label": "Wave maturity",
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          "maximum": 25,
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        {
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          "score": 0,
          "maximum": 20,
          "bar_width": 0,
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        },
        {
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          "bar_width": 0,
          "explanation": "Price is 13% of the way through its 52-week low-to-high range."
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        {
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        {
          "key": "hurst",
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          "explanation": "Hurst risk alignment is 50/100."
        },
        {
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          "bar_width": 100,
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        },
        {
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          "score": 0,
          "maximum": 10,
          "bar_width": 0,
          "explanation": "No upcoming stored earnings date is available."
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        "The primary interpretation has unavailable recent stability."
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      "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."
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