{
  "ticker": {
    "symbol": "AHYX",
    "name": "Amundi Core MSCI World Swap UCITS ETF Acc",
    "exchange": "GER"
  },
  "latest_week": "2026-07-24",
  "latest_close": 5.5278,
  "latest_open": 5.3174,
  "latest_high": 5.5714,
  "latest_low": 4.8525,
  "bar_count": 31,
  "analysis_bar_count": 31,
  "reversal_percent": 5.0,
  "model": {
    "version": "ewc-2.1.0",
    "as_of": "2026-07-24",
    "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": 3,
      "date": "2026-01-09",
      "price": 5.1452,
      "kind": "high",
      "move_percent": null,
      "weeks": 0,
      "confirmed": true
    },
    {
      "index": 14,
      "date": "2026-03-27",
      "price": 4.1625,
      "kind": "low",
      "move_percent": -19.09935473839696,
      "weeks": 11,
      "confirmed": true
    },
    {
      "index": 30,
      "date": "2026-07-24",
      "price": 5.5278,
      "kind": "high",
      "move_percent": 32.80000000000001,
      "weeks": 16,
      "confirmed": false
    }
  ],
  "cycle": {
    "phase": "rising",
    "trend_bias": "bearish",
    "oscillator": 9.84939710300652,
    "slope": 2.669985637977627,
    "dominant_period_weeks": 40,
    "period_basis": "median confirmed trough-to-trough and crest-to-crest spacing",
    "weeks_since_turn": 16,
    "estimated_weeks_to_next_turn": 4,
    "series": [
      {
        "date": "2025-12-19",
        "value": null
      },
      {
        "date": "2025-12-26",
        "value": null
      },
      {
        "date": "2026-01-02",
        "value": null
      },
      {
        "date": "2026-01-09",
        "value": 0.0
      },
      {
        "date": "2026-01-16",
        "value": 0.0
      },
      {
        "date": "2026-01-23",
        "value": 0.0
      },
      {
        "date": "2026-01-30",
        "value": 0.0
      },
      {
        "date": "2026-02-06",
        "value": 0.0
      },
      {
        "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": 0.10408551579540103
      },
      {
        "date": "2026-05-08",
        "value": 0.8642742139340117
      },
      {
        "date": "2026-05-15",
        "value": 2.0706913776285756
      },
      {
        "date": "2026-05-22",
        "value": 3.7591353750135093
      },
      {
        "date": "2026-05-29",
        "value": 5.575991760021945
      },
      {
        "date": "2026-06-05",
        "value": 6.620528160322889
      },
      {
        "date": "2026-06-12",
        "value": 7.005126700159947
      },
      {
        "date": "2026-06-19",
        "value": 7.179411465028894
      },
      {
        "date": "2026-06-26",
        "value": 6.755396110901749
      },
      {
        "date": "2026-07-03",
        "value": 6.72242928345212
      },
      {
        "date": "2026-07-10",
        "value": 6.85965468463021
      },
      {
        "date": "2026-07-24",
        "value": 9.84939710300652
      }
    ]
  },
  "hurst": {
    "status": "mixed",
    "phase": "rising",
    "alignment_score": 75,
    "risk_score": 25,
    "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": 10,
        "period_range": [
          8,
          12
        ],
        "period_strength": 6,
        "phase": "rising",
        "value": 2.0633735325116027,
        "slope": 1.3171844838946258,
        "amplitude": 3.574,
        "weeks_since_trough": 1,
        "weeks_since_crest": 8,
        "projected_trough_window": 9,
        "projected_crest_window": 2,
        "trough_window": {
          "start": 7,
          "midpoint": 9,
          "end": 11
        },
        "crest_window": {
          "start": 0,
          "midpoint": 2,
          "end": 4
        },
        "fld": {
          "value": 4.714449999999999,
          "state": "crossed up",
          "weeks_since_cross": 13,
          "displacement": 5,
          "explanation": "Median price displaced forward by half the estimated wavelength; a price cross confirms a cyclic turn after it begins."
        },
        "vtl": {
          "available": true,
          "value": 4.859313333333334,
          "state": "price above",
          "slope": 0.043813333333333364,
          "explanation": "A provisional line through the latest two phased troughs; it is supporting evidence, not a standalone signal."
        },
        "trough_indexes": [
          14,
          29
        ],
        "series": [
          {
            "date": "2025-12-19",
            "value": null
          },
          {
            "date": "2025-12-26",
            "value": null
          },
          {
            "date": "2026-01-02",
            "value": null
          },
          {
            "date": "2026-01-09",
            "value": null
          },
          {
            "date": "2026-01-16",
            "value": null
          },
          {
            "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": -1.0
          },
          {
            "date": "2026-02-27",
            "value": -0.9553813257351108
          },
          {
            "date": "2026-03-06",
            "value": -0.9281197291870047
          },
          {
            "date": "2026-03-13",
            "value": -0.778519589906977
          },
          {
            "date": "2026-03-20",
            "value": -0.7699030391175733
          },
          {
            "date": "2026-03-27",
            "value": -0.8694310731012643
          },
          {
            "date": "2026-04-03",
            "value": -0.6360523061717467
          },
          {
            "date": "2026-04-10",
            "value": -0.17911195281872283
          },
          {
            "date": "2026-04-17",
            "value": 0.5172460638305301
          },
          {
            "date": "2026-04-24",
            "value": 0.8604865418215585
          },
          {
            "date": "2026-05-01",
            "value": 0.9870479771385865
          },
          {
            "date": "2026-05-08",
            "value": 1.2405829918019289
          },
          {
            "date": "2026-05-15",
            "value": 1.4420475934828225
          },
          {
            "date": "2026-05-22",
            "value": 1.6173950285858818
          },
          {
            "date": "2026-05-29",
            "value": 1.6045926360514813
          },
          {
            "date": "2026-06-05",
            "value": 1.3322520361570738
          },
          {
            "date": "2026-06-12",
            "value": 1.0633342036365951
          },
          {
            "date": "2026-06-19",
            "value": 0.9652708038993195
          },
          {
            "date": "2026-06-26",
            "value": 0.7461890486169769
          },
          {
            "date": "2026-07-03",
            "value": 0.7277978342969275
          },
          {
            "date": "2026-07-10",
            "value": 0.6968768082264432
          },
          {
            "date": "2026-07-24",
            "value": 2.0633735325116027
          }
        ]
      },
      {
        "period": 20,
        "label": "20w",
        "estimated_period": 20,
        "period_range": [
          15,
          25
        ],
        "period_strength": 0,
        "phase": "rising",
        "value": 1.6932055254621545,
        "slope": 0.5751836178458212,
        "amplitude": 6.537,
        "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": 4.59765,
          "state": "crossed up",
          "weeks_since_cross": 14,
          "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": [
          29
        ],
        "series": [
          {
            "date": "2025-12-19",
            "value": null
          },
          {
            "date": "2025-12-26",
            "value": null
          },
          {
            "date": "2026-01-02",
            "value": null
          },
          {
            "date": "2026-01-09",
            "value": null
          },
          {
            "date": "2026-01-16",
            "value": null
          },
          {
            "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": 1.0
          },
          {
            "date": "2026-05-08",
            "value": 1.4078549682488375
          },
          {
            "date": "2026-05-15",
            "value": 1.7332004182963352
          },
          {
            "date": "2026-05-22",
            "value": 1.9136732694928944
          },
          {
            "date": "2026-05-29",
            "value": 1.929599894357312
          },
          {
            "date": "2026-06-05",
            "value": 1.7340187525769837
          },
          {
            "date": "2026-06-12",
            "value": 1.4518617543434416
          },
          {
            "date": "2026-06-19",
            "value": 1.3066560469363606
          },
          {
            "date": "2026-06-26",
            "value": 1.1180219076163334
          },
          {
            "date": "2026-07-03",
            "value": 1.0775997207605619
          },
          {
            "date": "2026-07-10",
            "value": 1.0620863605569286
          },
          {
            "date": "2026-07-24",
            "value": 1.6932055254621545
          }
        ]
      },
      {
        "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": 4.40365,
          "state": "crossed up",
          "weeks_since_cross": 5,
          "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": "2025-12-19",
            "value": null
          },
          {
            "date": "2025-12-26",
            "value": null
          },
          {
            "date": "2026-01-02",
            "value": null
          },
          {
            "date": "2026-01-09",
            "value": null
          },
          {
            "date": "2026-01-16",
            "value": null
          },
          {
            "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": "2026-07-24",
            "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": "2025-12-19",
            "value": null
          },
          {
            "date": "2025-12-26",
            "value": null
          },
          {
            "date": "2026-01-02",
            "value": null
          },
          {
            "date": "2026-01-09",
            "value": null
          },
          {
            "date": "2026-01-16",
            "value": null
          },
          {
            "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": "2026-07-24",
            "value": null
          }
        ]
      }
    ],
    "composite": [
      {
        "date": "2025-12-19",
        "value": null
      },
      {
        "date": "2025-12-26",
        "value": null
      },
      {
        "date": "2026-01-02",
        "value": null
      },
      {
        "date": "2026-01-09",
        "value": null
      },
      {
        "date": "2026-01-16",
        "value": null
      },
      {
        "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": -1.0
      },
      {
        "date": "2026-02-27",
        "value": -0.9553813257351108
      },
      {
        "date": "2026-03-06",
        "value": -0.9281197291870047
      },
      {
        "date": "2026-03-13",
        "value": -0.778519589906977
      },
      {
        "date": "2026-03-20",
        "value": -0.7699030391175733
      },
      {
        "date": "2026-03-27",
        "value": -0.8694310731012643
      },
      {
        "date": "2026-04-03",
        "value": -0.6360523061717467
      },
      {
        "date": "2026-04-10",
        "value": -0.17911195281872283
      },
      {
        "date": "2026-04-17",
        "value": 0.5172460638305301
      },
      {
        "date": "2026-04-24",
        "value": 0.8604865418215585
      },
      {
        "date": "2026-05-01",
        "value": 0.9948191908554346
      },
      {
        "date": "2026-05-08",
        "value": 1.340946177670074
      },
      {
        "date": "2026-05-15",
        "value": 1.61673928837093
      },
      {
        "date": "2026-05-22",
        "value": 1.7951619731300894
      },
      {
        "date": "2026-05-29",
        "value": 1.7995969910349796
      },
      {
        "date": "2026-06-05",
        "value": 1.5733120660090196
      },
      {
        "date": "2026-06-12",
        "value": 1.2964507340607028
      },
      {
        "date": "2026-06-19",
        "value": 1.1701019497215441
      },
      {
        "date": "2026-06-26",
        "value": 0.9692887640165907
      },
      {
        "date": "2026-07-03",
        "value": 0.937678966175108
      },
      {
        "date": "2026-07-10",
        "value": 0.9160025396247343
      },
      {
        "date": "2026-07-24",
        "value": 1.8412727282819337
      }
    ]
  },
  "structure": {
    "primary": null,
    "alternates": [],
    "degrees": [
      {
        "key": "strategic",
        "label": "Strategic",
        "reversal_percent": 8.0,
        "primary": null,
        "candidate_count": 0,
        "explanation": "Strategic degree uses a 8.0% weekly closing-price reversal threshold."
      },
      {
        "key": "primary",
        "label": "Primary",
        "reversal_percent": 5.0,
        "primary": null,
        "candidate_count": 0,
        "explanation": "Primary degree uses a 5.0% weekly closing-price reversal threshold."
      },
      {
        "key": "tactical",
        "label": "Tactical",
        "reversal_percent": 3.5,
        "primary": null,
        "candidate_count": 0,
        "explanation": "Tactical degree uses a 3.5% 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. Price is 19.7% above its 30-week trend. 5 of 6 available confirmation measures are constructive.",
    "returns": [
      {
        "weeks": 4,
        "label": "4-week return",
        "value": 14.29339398325235
      },
      {
        "weeks": 13,
        "label": "13-week return",
        "value": 22.353305739392198
      },
      {
        "weeks": 26,
        "label": "26-week return",
        "value": 24.228599680877362
      },
      {
        "weeks": 52,
        "label": "52-week return",
        "value": null
      }
    ],
    "range": {
      "high_52": 5.5714,
      "low_52": 4.1532,
      "position_52": 96.92568043999438,
      "drawdown": -0.7825681157339204
    },
    "risk": {
      "annualised_volatility": 20.32577990923413,
      "average_weekly_range": 2.3872890106925655,
      "active_drawdown": 0.0
    },
    "levels": {
      "support": {
        "index": 14,
        "date": "2026-03-27",
        "price": 4.1625,
        "kind": "low",
        "move_percent": -19.09935473839696,
        "weeks": 11,
        "confirmed": true
      },
      "resistance": null,
      "decisive": {
        "index": 14,
        "date": "2026-03-27",
        "price": 4.1625,
        "kind": "low",
        "move_percent": -19.09935473839696,
        "weeks": 11,
        "confirmed": true
      },
      "decisive_label": "Nearest confirmed structure level",
      "trend": 4.61896,
      "fair_value": 4.630926,
      "trend_gap": 19.67629076675268,
      "fair_value_gap": 19.367055314639025
    },
    "active_swing": {
      "from": {
        "index": 14,
        "date": "2026-03-27",
        "price": 4.1625,
        "kind": "low",
        "move_percent": -19.09935473839696,
        "weeks": 11,
        "confirmed": true
      },
      "to": {
        "index": 30,
        "date": "2026-07-24",
        "price": 5.5278,
        "kind": "high",
        "move_percent": 32.80000000000001,
        "weeks": 16,
        "confirmed": false
      },
      "move_percent": 32.80000000000001,
      "weeks": 16,
      "status": "Forming"
    },
    "confirmation": {
      "rows": [
        {
          "label": "Trend",
          "status": "positive",
          "value": "19.7% above trend",
          "explanation": "Price is holding above its 30-week trend."
        },
        {
          "label": "Cycle pressure",
          "status": "positive",
          "value": "Rising",
          "explanation": "The medium-term pressure curve is turning higher."
        },
        {
          "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": "positive",
          "value": "+71.3",
          "explanation": "Participation is supportive"
        },
        {
          "label": "Market dynamics",
          "status": "positive",
          "value": "+0.9",
          "explanation": "Price and volume behaviour is supportive"
        },
        {
          "label": "30-week momentum",
          "status": "positive",
          "value": "+10.8",
          "explanation": "Medium-term momentum is positive"
        }
      ],
      "positive": 5,
      "negative": 0,
      "neutral": 1,
      "observed": 6,
      "agreement": 83,
      "direction": "constructive",
      "scenario_direction": "neutral"
    },
    "evidence": {
      "score": 27,
      "history_score": 12,
      "indicator_coverage": 35,
      "structure_score": 33,
      "weekly_observations": 31,
      "confirmed_pivots": 2
    },
    "volume_ratio": 22.51640126898081,
    "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": 22,
      "constructive_count": 11,
      "constructive_percent": 50,
      "rising_cycle_count": 3,
      "rising_cycle_percent": 14,
      "horizons": [
        {
          "weeks": 4,
          "observations": 490,
          "positive_rate": 54.7,
          "median_return": 0.47,
          "average_return": 0.51,
          "median_excess_return": -0.13,
          "excess_observations": 490,
          "p10": -3.81,
          "p90": 4.89
        },
        {
          "weeks": 13,
          "observations": 175,
          "positive_rate": 60.0,
          "median_return": 1.4,
          "average_return": 1.56,
          "median_excess_return": 0.23,
          "excess_observations": 175,
          "p10": -5.45,
          "p90": 9.01
        },
        {
          "weeks": 26,
          "observations": 91,
          "positive_rate": 65.9,
          "median_return": 2.41,
          "average_return": 3.48,
          "median_excess_return": -0.95,
          "excess_observations": 91,
          "p10": -8.06,
          "p90": 16.04
        }
      ],
      "benchmark": "^GDAXI",
      "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": 47,
      "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": 20,
          "maximum": 20,
          "bar_width": 100,
          "explanation": "Price is 19.7% above the 30-week trend; large positive gaps increase snap-back vulnerability."
        },
        {
          "key": "range",
          "label": "Range position",
          "score": 13,
          "maximum": 15,
          "bar_width": 88,
          "explanation": "Price is 97% of the way through its 52-week low-to-high range."
        },
        {
          "key": "cycle",
          "label": "Cycle rollover",
          "score": 0,
          "maximum": 15,
          "bar_width": 0,
          "explanation": "Medium-term cycle pressure is rising."
        },
        {
          "key": "hurst",
          "label": "Multi-cycle risk",
          "score": 4,
          "maximum": 15,
          "bar_width": 25,
          "explanation": "Hurst risk alignment is 25/100."
        },
        {
          "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 19.7% above the 30-week trend; large positive gaps increase snap-back vulnerability.",
        "Price is 97% of the way through its 52-week low-to-high range.",
        "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": [
      "2025-12-19",
      "2025-12-26",
      "2026-01-02",
      "2026-01-09",
      "2026-01-16",
      "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",
      "2026-07-24"
    ],
    "close": [
      4.9899,
      5.0871,
      5.0665,
      5.1452,
      4.4497,
      4.3686,
      4.348,
      4.3639,
      4.3485,
      4.4078,
      4.3982,
      4.3386,
      4.3349,
      4.2112,
      4.1625,
      4.2749,
      4.3734,
      4.5179,
      4.5208,
      4.5307,
      4.6306,
      4.69,
      4.7599,
      4.7818,
      4.7788,
      4.7616,
      4.8365,
      4.7934,
      4.8711,
      4.8889,
      5.5278
    ],
    "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,
      4.60103,
      4.61896
    ],
    "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,
      4.601030000000001,
      4.618960000000001
    ],
    "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,
      null,
      10.779775145794515
    ],
    "drawdown": [
      0.0,
      0.0,
      -0.404945843407852,
      0.0,
      -13.517453160227006,
      -15.093679545984612,
      -15.494052709321311,
      -15.185026821114825,
      -15.484334914094699,
      -14.331804400217681,
      -14.518386068568761,
      -15.676747259581754,
      -15.748658944258722,
      -18.152841483324266,
      -19.09935473839696,
      -16.91479437145301,
      -15.00038871180906,
      -12.191945891316177,
      -12.13558267900178,
      -11.943170333514724,
      -10.001554847236253,
      -8.847080774313916,
      -7.4885330016325895,
      -7.062893570706685,
      -7.121200342066384,
      -7.455492497862093,
      -5.999766772914561,
      -6.837440721449116,
      -5.327295343232524,
      -4.981341833164899,
      0.0
    ],
    "volatility": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      33.50701841628611,
      32.29107167703752,
      30.716836296237716,
      29.290272485438212,
      28.12709037112472,
      27.236942262363645,
      26.24643368966206,
      26.31624034768038,
      26.10747529470662,
      26.245489634901155,
      25.523761849823025,
      24.868465410841477,
      24.593418120634237,
      24.125114166489936,
      23.71243611324315,
      23.20892418444648,
      22.720463815581233,
      22.26385742304454,
      21.959767412676545,
      21.7902005382799,
      21.92894303495195,
      21.81120965093752,
      20.32577990923413
    ],
    "volumeRatio": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      122.14086919289231,
      22.688759964940104,
      638.3574463588955,
      478.75022111210325,
      38.12345882814193,
      111.34188287368704,
      71.63761743813015,
      39.911232859525214,
      9.809473831877673,
      84.6211951656222,
      85.62722767156009,
      129.31585528314676,
      119.90096821013634,
      6.36587845133638,
      97.2532060382193,
      101.03074498782343,
      45.861968133756505,
      29.029783667089298,
      127.0979965833204,
      22.51640126898081
    ],
    "fairValue": [
      4.9899,
      5.0385,
      5.047833,
      5.072175,
      4.94768,
      4.851167,
      4.779286,
      4.727363,
      4.685267,
      4.65752,
      4.633945,
      4.609333,
      4.588223,
      4.561293,
      4.534707,
      4.518469,
      4.509935,
      4.510378,
      4.510926,
      4.511915,
      4.517567,
      4.525405,
      4.5356,
      4.545858,
      4.555176,
      4.563115,
      4.573241,
      4.581104,
      4.591103,
      4.60103,
      4.630926
    ],
    "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,
      66.70895,
      71.345225
    ],
    "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,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      0.669726,
      0.894793,
      0.943181
    ],
    "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,
      null,
      null
    ],
    "cycle": [
      {
        "date": "2025-12-19",
        "value": null
      },
      {
        "date": "2025-12-26",
        "value": null
      },
      {
        "date": "2026-01-02",
        "value": null
      },
      {
        "date": "2026-01-09",
        "value": 0.0
      },
      {
        "date": "2026-01-16",
        "value": 0.0
      },
      {
        "date": "2026-01-23",
        "value": 0.0
      },
      {
        "date": "2026-01-30",
        "value": 0.0
      },
      {
        "date": "2026-02-06",
        "value": 0.0
      },
      {
        "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": 0.10408551579540103
      },
      {
        "date": "2026-05-08",
        "value": 0.8642742139340117
      },
      {
        "date": "2026-05-15",
        "value": 2.0706913776285756
      },
      {
        "date": "2026-05-22",
        "value": 3.7591353750135093
      },
      {
        "date": "2026-05-29",
        "value": 5.575991760021945
      },
      {
        "date": "2026-06-05",
        "value": 6.620528160322889
      },
      {
        "date": "2026-06-12",
        "value": 7.005126700159947
      },
      {
        "date": "2026-06-19",
        "value": 7.179411465028894
      },
      {
        "date": "2026-06-26",
        "value": 6.755396110901749
      },
      {
        "date": "2026-07-03",
        "value": 6.72242928345212
      },
      {
        "date": "2026-07-10",
        "value": 6.85965468463021
      },
      {
        "date": "2026-07-24",
        "value": 9.84939710300652
      }
    ],
    "hurstComposite": [
      {
        "date": "2025-12-19",
        "value": null
      },
      {
        "date": "2025-12-26",
        "value": null
      },
      {
        "date": "2026-01-02",
        "value": null
      },
      {
        "date": "2026-01-09",
        "value": null
      },
      {
        "date": "2026-01-16",
        "value": null
      },
      {
        "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": -1.0
      },
      {
        "date": "2026-02-27",
        "value": -0.9553813257351108
      },
      {
        "date": "2026-03-06",
        "value": -0.9281197291870047
      },
      {
        "date": "2026-03-13",
        "value": -0.778519589906977
      },
      {
        "date": "2026-03-20",
        "value": -0.7699030391175733
      },
      {
        "date": "2026-03-27",
        "value": -0.8694310731012643
      },
      {
        "date": "2026-04-03",
        "value": -0.6360523061717467
      },
      {
        "date": "2026-04-10",
        "value": -0.17911195281872283
      },
      {
        "date": "2026-04-17",
        "value": 0.5172460638305301
      },
      {
        "date": "2026-04-24",
        "value": 0.8604865418215585
      },
      {
        "date": "2026-05-01",
        "value": 0.9948191908554346
      },
      {
        "date": "2026-05-08",
        "value": 1.340946177670074
      },
      {
        "date": "2026-05-15",
        "value": 1.61673928837093
      },
      {
        "date": "2026-05-22",
        "value": 1.7951619731300894
      },
      {
        "date": "2026-05-29",
        "value": 1.7995969910349796
      },
      {
        "date": "2026-06-05",
        "value": 1.5733120660090196
      },
      {
        "date": "2026-06-12",
        "value": 1.2964507340607028
      },
      {
        "date": "2026-06-19",
        "value": 1.1701019497215441
      },
      {
        "date": "2026-06-26",
        "value": 0.9692887640165907
      },
      {
        "date": "2026-07-03",
        "value": 0.937678966175108
      },
      {
        "date": "2026-07-10",
        "value": 0.9160025396247343
      },
      {
        "date": "2026-07-24",
        "value": 1.8412727282819337
      }
    ],
    "hurstCycles": {
      "10": [
        {
          "date": "2025-12-19",
          "value": null
        },
        {
          "date": "2025-12-26",
          "value": null
        },
        {
          "date": "2026-01-02",
          "value": null
        },
        {
          "date": "2026-01-09",
          "value": null
        },
        {
          "date": "2026-01-16",
          "value": null
        },
        {
          "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": -1.0
        },
        {
          "date": "2026-02-27",
          "value": -0.9553813257351108
        },
        {
          "date": "2026-03-06",
          "value": -0.9281197291870047
        },
        {
          "date": "2026-03-13",
          "value": -0.778519589906977
        },
        {
          "date": "2026-03-20",
          "value": -0.7699030391175733
        },
        {
          "date": "2026-03-27",
          "value": -0.8694310731012643
        },
        {
          "date": "2026-04-03",
          "value": -0.6360523061717467
        },
        {
          "date": "2026-04-10",
          "value": -0.17911195281872283
        },
        {
          "date": "2026-04-17",
          "value": 0.5172460638305301
        },
        {
          "date": "2026-04-24",
          "value": 0.8604865418215585
        },
        {
          "date": "2026-05-01",
          "value": 0.9870479771385865
        },
        {
          "date": "2026-05-08",
          "value": 1.2405829918019289
        },
        {
          "date": "2026-05-15",
          "value": 1.4420475934828225
        },
        {
          "date": "2026-05-22",
          "value": 1.6173950285858818
        },
        {
          "date": "2026-05-29",
          "value": 1.6045926360514813
        },
        {
          "date": "2026-06-05",
          "value": 1.3322520361570738
        },
        {
          "date": "2026-06-12",
          "value": 1.0633342036365951
        },
        {
          "date": "2026-06-19",
          "value": 0.9652708038993195
        },
        {
          "date": "2026-06-26",
          "value": 0.7461890486169769
        },
        {
          "date": "2026-07-03",
          "value": 0.7277978342969275
        },
        {
          "date": "2026-07-10",
          "value": 0.6968768082264432
        },
        {
          "date": "2026-07-24",
          "value": 2.0633735325116027
        }
      ],
      "20": [
        {
          "date": "2025-12-19",
          "value": null
        },
        {
          "date": "2025-12-26",
          "value": null
        },
        {
          "date": "2026-01-02",
          "value": null
        },
        {
          "date": "2026-01-09",
          "value": null
        },
        {
          "date": "2026-01-16",
          "value": null
        },
        {
          "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": 1.0
        },
        {
          "date": "2026-05-08",
          "value": 1.4078549682488375
        },
        {
          "date": "2026-05-15",
          "value": 1.7332004182963352
        },
        {
          "date": "2026-05-22",
          "value": 1.9136732694928944
        },
        {
          "date": "2026-05-29",
          "value": 1.929599894357312
        },
        {
          "date": "2026-06-05",
          "value": 1.7340187525769837
        },
        {
          "date": "2026-06-12",
          "value": 1.4518617543434416
        },
        {
          "date": "2026-06-19",
          "value": 1.3066560469363606
        },
        {
          "date": "2026-06-26",
          "value": 1.1180219076163334
        },
        {
          "date": "2026-07-03",
          "value": 1.0775997207605619
        },
        {
          "date": "2026-07-10",
          "value": 1.0620863605569286
        },
        {
          "date": "2026-07-24",
          "value": 1.6932055254621545
        }
      ],
      "40": [
        {
          "date": "2025-12-19",
          "value": null
        },
        {
          "date": "2025-12-26",
          "value": null
        },
        {
          "date": "2026-01-02",
          "value": null
        },
        {
          "date": "2026-01-09",
          "value": null
        },
        {
          "date": "2026-01-16",
          "value": null
        },
        {
          "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": "2026-07-24",
          "value": null
        }
      ],
      "80": [
        {
          "date": "2025-12-19",
          "value": null
        },
        {
          "date": "2025-12-26",
          "value": null
        },
        {
          "date": "2026-01-02",
          "value": null
        },
        {
          "date": "2026-01-09",
          "value": null
        },
        {
          "date": "2026-01-16",
          "value": null
        },
        {
          "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": "2026-07-24",
          "value": null
        }
      ]
    },
    "pivots": [
      {
        "index": 3,
        "date": "2026-01-09",
        "price": 5.1452,
        "kind": "high",
        "move_percent": null,
        "weeks": 0,
        "confirmed": true
      },
      {
        "index": 14,
        "date": "2026-03-27",
        "price": 4.1625,
        "kind": "low",
        "move_percent": -19.09935473839696,
        "weeks": 11,
        "confirmed": true
      },
      {
        "index": 30,
        "date": "2026-07-24",
        "price": 5.5278,
        "kind": "high",
        "move_percent": 32.80000000000001,
        "weeks": 16,
        "confirmed": false
      }
    ],
    "labels": []
  }
}