{
  "ticker": {
    "symbol": "VYUS",
    "name": "WisdomTree US Value UCITS ETF - USD Acc",
    "exchange": "GER"
  },
  "latest_week": "2026-07-31",
  "latest_close": 25.075001,
  "latest_open": 24.915001,
  "latest_high": 26.1,
  "latest_low": 24.85,
  "bar_count": 33,
  "analysis_bar_count": 33,
  "reversal_percent": 5.0,
  "model": {
    "version": "ewc-2.1.0",
    "as_of": "2026-07-31",
    "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": "2025-12-19",
      "price": 22.059999,
      "kind": "low",
      "move_percent": null,
      "weeks": 0,
      "confirmed": true
    },
    {
      "index": 32,
      "date": "2026-07-31",
      "price": 25.075001,
      "kind": "high",
      "move_percent": 13.667280764609277,
      "weeks": 32,
      "confirmed": false
    }
  ],
  "cycle": {
    "phase": "rising",
    "trend_bias": "bearish",
    "oscillator": 8.788112536688757,
    "slope": 2.0086073754771956,
    "dominant_period_weeks": 40,
    "period_basis": "median confirmed trough-to-trough and crest-to-crest spacing",
    "weeks_since_turn": 32,
    "estimated_weeks_to_next_turn": 0,
    "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": 0.6805402390754053
      },
      {
        "date": "2026-05-08",
        "value": 1.5031884573880476
      },
      {
        "date": "2026-05-15",
        "value": 2.0611934761214084
      },
      {
        "date": "2026-05-22",
        "value": 3.5155547791403334
      },
      {
        "date": "2026-05-29",
        "value": 4.697090137854123
      },
      {
        "date": "2026-06-05",
        "value": 6.063193160946869
      },
      {
        "date": "2026-06-12",
        "value": 7.180238497559734
      },
      {
        "date": "2026-06-19",
        "value": 6.966570855718341
      },
      {
        "date": "2026-06-26",
        "value": 6.8817827103054
      },
      {
        "date": "2026-07-03",
        "value": 6.779505161211562
      },
      {
        "date": "2026-07-10",
        "value": 7.1821702484486964
      },
      {
        "date": "2026-07-17",
        "value": 8.282300738014666
      },
      {
        "date": "2026-07-24",
        "value": 8.662630391505768
      },
      {
        "date": "2026-07-31",
        "value": 8.788112536688757
      }
    ]
  },
  "hurst": {
    "status": "mixed",
    "phase": "rising",
    "alignment_score": 50,
    "risk_score": 50,
    "trough_alignment": 0,
    "crest_alignment": 0,
    "nearest_trough_window": 9,
    "nearest_crest_window": 12,
    "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": "cresting",
        "value": 1.4601056353411803,
        "slope": -0.0058226276406967425,
        "amplitude": 2.257,
        "weeks_since_trough": 1,
        "weeks_since_crest": 2,
        "projected_trough_window": 7,
        "projected_crest_window": 6,
        "trough_window": {
          "start": 5,
          "midpoint": 7,
          "end": 9
        },
        "crest_window": {
          "start": 4,
          "midpoint": 6,
          "end": 8
        },
        "fld": {
          "value": 23.9725,
          "state": "crossed up",
          "weeks_since_cross": 16,
          "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": 24.4,
          "state": "price above",
          "slope": 0.1849999999999996,
          "explanation": "A provisional line through the latest two phased troughs; it is supporting evidence, not a standalone signal."
        },
        "trough_indexes": [
          10,
          14,
          21,
          27,
          31
        ],
        "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": 1.0
          },
          {
            "date": "2026-02-13",
            "value": -0.5201899121316762
          },
          {
            "date": "2026-02-20",
            "value": -0.8400633040438921
          },
          {
            "date": "2026-02-27",
            "value": -1.2106546500116178
          },
          {
            "date": "2026-03-06",
            "value": -0.46938542221545343
          },
          {
            "date": "2026-03-13",
            "value": -1.0400210774256378
          },
          {
            "date": "2026-03-20",
            "value": -1.652868473084438
          },
          {
            "date": "2026-03-27",
            "value": -1.6565267490530176
          },
          {
            "date": "2026-04-03",
            "value": -0.9677846848140368
          },
          {
            "date": "2026-04-10",
            "value": -0.544555500174037
          },
          {
            "date": "2026-04-17",
            "value": 1.1341814611847074
          },
          {
            "date": "2026-04-24",
            "value": 1.9446954007398816
          },
          {
            "date": "2026-05-01",
            "value": 2.36887645322469
          },
          {
            "date": "2026-05-08",
            "value": 2.535015853497303
          },
          {
            "date": "2026-05-15",
            "value": 1.98095604448489
          },
          {
            "date": "2026-05-22",
            "value": 2.2022516318963152
          },
          {
            "date": "2026-05-29",
            "value": 2.366990902363998
          },
          {
            "date": "2026-06-05",
            "value": 2.5242098973611697
          },
          {
            "date": "2026-06-12",
            "value": 2.035743870150995
          },
          {
            "date": "2026-06-19",
            "value": 1.3047007960609727
          },
          {
            "date": "2026-06-26",
            "value": 1.2239215204977782
          },
          {
            "date": "2026-07-03",
            "value": 1.4439454010770723
          },
          {
            "date": "2026-07-10",
            "value": 1.465928262981877
          },
          {
            "date": "2026-07-17",
            "value": 1.576966627082019
          },
          {
            "date": "2026-07-24",
            "value": 1.459668201352949
          },
          {
            "date": "2026-07-31",
            "value": 1.4601056353411803
          }
        ]
      },
      {
        "period": 20,
        "label": "20w",
        "estimated_period": 20,
        "period_range": [
          15,
          25
        ],
        "period_strength": 0,
        "phase": "rising",
        "value": 1.302945382526482,
        "slope": 0.010518047604578529,
        "amplitude": 6.771,
        "weeks_since_trough": 11,
        "weeks_since_crest": 8,
        "projected_trough_window": 9,
        "projected_crest_window": 12,
        "trough_window": {
          "start": 4,
          "midpoint": 9,
          "end": 14
        },
        "crest_window": {
          "start": 7,
          "midpoint": 12,
          "end": 17
        },
        "fld": {
          "value": 22.645000500000002,
          "state": "crossed up",
          "weeks_since_cross": 15,
          "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": [
          21
        ],
        "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": 1.033076032648101
          },
          {
            "date": "2026-05-15",
            "value": 0.9858094800307556
          },
          {
            "date": "2026-05-22",
            "value": 1.3104294592392933
          },
          {
            "date": "2026-05-29",
            "value": 1.730351800159412
          },
          {
            "date": "2026-06-05",
            "value": 1.9229362142317818
          },
          {
            "date": "2026-06-12",
            "value": 1.7468181730850632
          },
          {
            "date": "2026-06-19",
            "value": 1.375507247638096
          },
          {
            "date": "2026-06-26",
            "value": 1.2064552568925715
          },
          {
            "date": "2026-07-03",
            "value": 1.2424741937598125
          },
          {
            "date": "2026-07-10",
            "value": 1.2924273349219035
          },
          {
            "date": "2026-07-17",
            "value": 1.348545590900349
          },
          {
            "date": "2026-07-24",
            "value": 1.3281650512325278
          },
          {
            "date": "2026-07-31",
            "value": 1.302945382526482
          }
        ]
      },
      {
        "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": 21.345000499999998,
          "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": "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": "2026-07-17",
            "value": null
          },
          {
            "date": "2026-07-24",
            "value": null
          },
          {
            "date": "2026-07-31",
            "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": "2026-07-17",
            "value": null
          },
          {
            "date": "2026-07-24",
            "value": null
          },
          {
            "date": "2026-07-31",
            "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": 1.0
      },
      {
        "date": "2026-02-13",
        "value": -0.5201899121316762
      },
      {
        "date": "2026-02-20",
        "value": -0.8400633040438921
      },
      {
        "date": "2026-02-27",
        "value": -1.2106546500116178
      },
      {
        "date": "2026-03-06",
        "value": -0.46938542221545343
      },
      {
        "date": "2026-03-13",
        "value": -1.0400210774256378
      },
      {
        "date": "2026-03-20",
        "value": -1.6528684730844379
      },
      {
        "date": "2026-03-27",
        "value": -1.6565267490530178
      },
      {
        "date": "2026-04-03",
        "value": -0.9677846848140367
      },
      {
        "date": "2026-04-10",
        "value": -0.544555500174037
      },
      {
        "date": "2026-04-17",
        "value": 1.1341814611847074
      },
      {
        "date": "2026-04-24",
        "value": 1.9446954007398816
      },
      {
        "date": "2026-05-01",
        "value": 1.547550581289876
      },
      {
        "date": "2026-05-08",
        "value": 1.6338519609877817
      },
      {
        "date": "2026-05-15",
        "value": 1.3838681058124094
      },
      {
        "date": "2026-05-22",
        "value": 1.667158328302102
      },
      {
        "date": "2026-05-29",
        "value": 1.9850074410412466
      },
      {
        "date": "2026-06-05",
        "value": 2.163445687483537
      },
      {
        "date": "2026-06-12",
        "value": 1.8623884519114358
      },
      {
        "date": "2026-06-19",
        "value": 1.3471846670072467
      },
      {
        "date": "2026-06-26",
        "value": 1.213441762334654
      },
      {
        "date": "2026-07-03",
        "value": 1.3230626766867164
      },
      {
        "date": "2026-07-10",
        "value": 1.361827706145893
      },
      {
        "date": "2026-07-17",
        "value": 1.4399140053730168
      },
      {
        "date": "2026-07-24",
        "value": 1.380766311280696
      },
      {
        "date": "2026-07-31",
        "value": 1.365809483652361
      }
    ]
  },
  "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 10.9% above its 30-week trend. 5 of 6 available confirmation measures are constructive.",
    "returns": [
      {
        "weeks": 4,
        "label": "4-week return",
        "value": 3.3594435284418744
      },
      {
        "weeks": 13,
        "label": "13-week return",
        "value": 12.292884012539195
      },
      {
        "weeks": 26,
        "label": "26-week return",
        "value": 17.75065038741488
      },
      {
        "weeks": 52,
        "label": "52-week return",
        "value": null
      }
    ],
    "range": {
      "high_52": 26.1,
      "low_52": 20.76,
      "position_52": 80.80526217228461,
      "drawdown": -3.927199233716479
    },
    "risk": {
      "annualised_volatility": 12.44002326809725,
      "average_weekly_range": 2.311284960399224,
      "active_drawdown": 0.0
    },
    "levels": {
      "support": {
        "index": 0,
        "date": "2025-12-19",
        "price": 22.059999,
        "kind": "low",
        "move_percent": null,
        "weeks": 0,
        "confirmed": true
      },
      "resistance": null,
      "decisive": {
        "index": 0,
        "date": "2025-12-19",
        "price": 22.059999,
        "kind": "low",
        "move_percent": null,
        "weeks": 0,
        "confirmed": true
      },
      "decisive_label": "Nearest confirmed structure level",
      "trend": 22.607667,
      "fair_value": 22.54697,
      "trend_gap": 10.91370462949583,
      "fair_value_gap": 11.21228706118826
    },
    "active_swing": {
      "from": {
        "index": 0,
        "date": "2025-12-19",
        "price": 22.059999,
        "kind": "low",
        "move_percent": null,
        "weeks": 0,
        "confirmed": true
      },
      "to": {
        "index": 32,
        "date": "2026-07-31",
        "price": 25.075001,
        "kind": "high",
        "move_percent": 13.667280764609277,
        "weeks": 32,
        "confirmed": false
      },
      "move_percent": 13.667280764609277,
      "weeks": 32,
      "status": "Forming"
    },
    "confirmation": {
      "rows": [
        {
          "label": "Trend",
          "status": "positive",
          "value": "10.9% 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": "+93.6",
          "explanation": "Participation is supportive"
        },
        {
          "label": "Market dynamics",
          "status": "positive",
          "value": "+1.9",
          "explanation": "Price and volume behaviour is supportive"
        },
        {
          "label": "30-week momentum",
          "status": "positive",
          "value": "+15.0",
          "explanation": "Medium-term momentum is positive"
        }
      ],
      "positive": 5,
      "negative": 0,
      "neutral": 1,
      "observed": 6,
      "agreement": 83,
      "direction": "constructive",
      "scenario_direction": "neutral"
    },
    "evidence": {
      "score": 25,
      "history_score": 13,
      "indicator_coverage": 38,
      "structure_score": 17,
      "weekly_observations": 33,
      "confirmed_pivots": 1
    },
    "volume_ratio": 509.36451316719615,
    "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": 12,
      "constructive_percent": 55,
      "rising_cycle_count": 1,
      "rising_cycle_percent": 5,
      "horizons": [
        {
          "weeks": 4,
          "observations": 495,
          "positive_rate": 53.9,
          "median_return": 0.39,
          "average_return": 0.45,
          "median_excess_return": -0.25,
          "excess_observations": 495,
          "p10": -3.77,
          "p90": 4.86
        },
        {
          "weeks": 13,
          "observations": 177,
          "positive_rate": 60.5,
          "median_return": 1.84,
          "average_return": 1.56,
          "median_excess_return": 0.23,
          "excess_observations": 177,
          "p10": -6.47,
          "p90": 9.15
        },
        {
          "weeks": 26,
          "observations": 93,
          "positive_rate": 66.7,
          "median_return": 2.47,
          "average_return": 3.45,
          "median_excess_return": -0.78,
          "excess_observations": 93,
          "p10": -10.55,
          "p90": 15.89
        }
      ],
      "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": 29,
      "label": "Contained",
      "tone": "contained",
      "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": 8,
          "maximum": 20,
          "bar_width": 38,
          "explanation": "Price is 10.9% above the 30-week trend; large positive gaps increase snap-back vulnerability."
        },
        {
          "key": "range",
          "label": "Range position",
          "score": 3,
          "maximum": 15,
          "bar_width": 23,
          "explanation": "Price is 81% 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": 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": [
        "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",
      "2026-07-17",
      "2026-07-24",
      "2026-07-31"
    ],
    "close": [
      22.059999,
      21.959999,
      21.799999,
      22.43,
      22.264999,
      21.735001,
      21.295,
      22.075001,
      21.495001,
      21.67,
      21.475,
      21.844999,
      21.209999,
      21.014999,
      21.1,
      21.4,
      21.35,
      22.1,
      22.155001,
      22.33,
      22.475,
      22.26,
      23.110001,
      23.525,
      23.9,
      23.545,
      23.264999,
      23.834999,
      24.26,
      24.4,
      24.82,
      24.815001,
      25.075001
    ],
    "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,
      22.311333,
      22.403333,
      22.4985,
      22.607667
    ],
    "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,
      22.3113332,
      22.40333323333334,
      22.49849996666667,
      22.607666700000006
    ],
    "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,
      12.511337829163088,
      13.000920446307848,
      15.02294564325439
    ],
    "drawdown": [
      0.0,
      -0.45330917739389476,
      -1.1786038612241168,
      0.0,
      -0.7356263932233623,
      -3.0985242978154224,
      -5.060187249219786,
      -1.5826972804279955,
      -4.168519839500674,
      -3.388319215336594,
      -4.257690592955855,
      -2.6081185911725293,
      -5.439148461881408,
      -6.30851983950067,
      -5.929558626839047,
      -4.592064199732507,
      -4.814979937583586,
      -1.4712438698172015,
      -1.2260320998662555,
      -0.4458314757021909,
      0.0,
      -0.9566184649610672,
      0.0,
      0.0,
      0.0,
      -1.485355648535552,
      -2.6569079497907913,
      -0.27197071129706596,
      0.0,
      0.0,
      0.0,
      -0.020141015310239846,
      0.0
    ],
    "volatility": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      15.920667774788742,
      15.220886048079729,
      14.524493323321423,
      14.438878672807645,
      14.93639528433863,
      14.398815049057035,
      13.946132428337737,
      13.824099566092867,
      13.385407564489205,
      14.423629786498296,
      14.021886300702985,
      13.700831891279083,
      13.38365329328127,
      13.163488032659973,
      14.045655740920834,
      13.92845435903447,
      13.762397807513786,
      13.732146921665722,
      13.61853000908661,
      13.922155834160874,
      13.97430141673347,
      13.521005316632028,
      13.55867203212721,
      12.959861386565063,
      12.44002326809725
    ],
    "volumeRatio": [
      null,
      null,
      null,
      null,
      null,
      null,
      null,
      142.81474831357,
      24.80478222912019,
      68.59711336480473,
      11.250712601021675,
      16.105339773704756,
      53.85688763914289,
      21.264678937286583,
      29.75510204081633,
      13.389053598712902,
      51.78452301534357,
      100.64555566875677,
      140.37072618414507,
      24.318530381216263,
      24.389206116874167,
      65.03980884851936,
      83.96422566877904,
      359.35845059766984,
      104.10173013506801,
      206.0046775951658,
      2.46116646336856,
      68.1030548943675,
      146.10507992143118,
      402.1898622734494,
      786.1083902644663,
      291.22659081084254,
      509.36451316719615
    ],
    "fairValue": [
      22.059999,
      22.009999,
      21.939999,
      22.062499,
      22.102999,
      22.041666,
      21.935,
      21.9525,
      21.901667,
      21.8785,
      21.841818,
      21.842083,
      21.793461,
      21.737857,
      21.695333,
      21.676875,
      21.657647,
      21.682222,
      21.707105,
      21.73825,
      21.773333,
      21.795454,
      21.852609,
      21.922292,
      22.0014,
      22.060769,
      22.10537,
      22.167143,
      22.23931,
      22.311333,
      22.392258,
      22.467969,
      22.54697
    ],
    "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,
      67.73765,
      78.42225,
      87.93595,
      93.59375
    ],
    "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,
      1.023211,
      1.49905,
      1.696472,
      1.822501,
      1.880865
    ],
    "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,
      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": 0.6805402390754053
      },
      {
        "date": "2026-05-08",
        "value": 1.5031884573880476
      },
      {
        "date": "2026-05-15",
        "value": 2.0611934761214084
      },
      {
        "date": "2026-05-22",
        "value": 3.5155547791403334
      },
      {
        "date": "2026-05-29",
        "value": 4.697090137854123
      },
      {
        "date": "2026-06-05",
        "value": 6.063193160946869
      },
      {
        "date": "2026-06-12",
        "value": 7.180238497559734
      },
      {
        "date": "2026-06-19",
        "value": 6.966570855718341
      },
      {
        "date": "2026-06-26",
        "value": 6.8817827103054
      },
      {
        "date": "2026-07-03",
        "value": 6.779505161211562
      },
      {
        "date": "2026-07-10",
        "value": 7.1821702484486964
      },
      {
        "date": "2026-07-17",
        "value": 8.282300738014666
      },
      {
        "date": "2026-07-24",
        "value": 8.662630391505768
      },
      {
        "date": "2026-07-31",
        "value": 8.788112536688757
      }
    ],
    "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": 1.0
      },
      {
        "date": "2026-02-13",
        "value": -0.5201899121316762
      },
      {
        "date": "2026-02-20",
        "value": -0.8400633040438921
      },
      {
        "date": "2026-02-27",
        "value": -1.2106546500116178
      },
      {
        "date": "2026-03-06",
        "value": -0.46938542221545343
      },
      {
        "date": "2026-03-13",
        "value": -1.0400210774256378
      },
      {
        "date": "2026-03-20",
        "value": -1.6528684730844379
      },
      {
        "date": "2026-03-27",
        "value": -1.6565267490530178
      },
      {
        "date": "2026-04-03",
        "value": -0.9677846848140367
      },
      {
        "date": "2026-04-10",
        "value": -0.544555500174037
      },
      {
        "date": "2026-04-17",
        "value": 1.1341814611847074
      },
      {
        "date": "2026-04-24",
        "value": 1.9446954007398816
      },
      {
        "date": "2026-05-01",
        "value": 1.547550581289876
      },
      {
        "date": "2026-05-08",
        "value": 1.6338519609877817
      },
      {
        "date": "2026-05-15",
        "value": 1.3838681058124094
      },
      {
        "date": "2026-05-22",
        "value": 1.667158328302102
      },
      {
        "date": "2026-05-29",
        "value": 1.9850074410412466
      },
      {
        "date": "2026-06-05",
        "value": 2.163445687483537
      },
      {
        "date": "2026-06-12",
        "value": 1.8623884519114358
      },
      {
        "date": "2026-06-19",
        "value": 1.3471846670072467
      },
      {
        "date": "2026-06-26",
        "value": 1.213441762334654
      },
      {
        "date": "2026-07-03",
        "value": 1.3230626766867164
      },
      {
        "date": "2026-07-10",
        "value": 1.361827706145893
      },
      {
        "date": "2026-07-17",
        "value": 1.4399140053730168
      },
      {
        "date": "2026-07-24",
        "value": 1.380766311280696
      },
      {
        "date": "2026-07-31",
        "value": 1.365809483652361
      }
    ],
    "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": 1.0
        },
        {
          "date": "2026-02-13",
          "value": -0.5201899121316762
        },
        {
          "date": "2026-02-20",
          "value": -0.8400633040438921
        },
        {
          "date": "2026-02-27",
          "value": -1.2106546500116178
        },
        {
          "date": "2026-03-06",
          "value": -0.46938542221545343
        },
        {
          "date": "2026-03-13",
          "value": -1.0400210774256378
        },
        {
          "date": "2026-03-20",
          "value": -1.652868473084438
        },
        {
          "date": "2026-03-27",
          "value": -1.6565267490530176
        },
        {
          "date": "2026-04-03",
          "value": -0.9677846848140368
        },
        {
          "date": "2026-04-10",
          "value": -0.544555500174037
        },
        {
          "date": "2026-04-17",
          "value": 1.1341814611847074
        },
        {
          "date": "2026-04-24",
          "value": 1.9446954007398816
        },
        {
          "date": "2026-05-01",
          "value": 2.36887645322469
        },
        {
          "date": "2026-05-08",
          "value": 2.535015853497303
        },
        {
          "date": "2026-05-15",
          "value": 1.98095604448489
        },
        {
          "date": "2026-05-22",
          "value": 2.2022516318963152
        },
        {
          "date": "2026-05-29",
          "value": 2.366990902363998
        },
        {
          "date": "2026-06-05",
          "value": 2.5242098973611697
        },
        {
          "date": "2026-06-12",
          "value": 2.035743870150995
        },
        {
          "date": "2026-06-19",
          "value": 1.3047007960609727
        },
        {
          "date": "2026-06-26",
          "value": 1.2239215204977782
        },
        {
          "date": "2026-07-03",
          "value": 1.4439454010770723
        },
        {
          "date": "2026-07-10",
          "value": 1.465928262981877
        },
        {
          "date": "2026-07-17",
          "value": 1.576966627082019
        },
        {
          "date": "2026-07-24",
          "value": 1.459668201352949
        },
        {
          "date": "2026-07-31",
          "value": 1.4601056353411803
        }
      ],
      "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": 1.033076032648101
        },
        {
          "date": "2026-05-15",
          "value": 0.9858094800307556
        },
        {
          "date": "2026-05-22",
          "value": 1.3104294592392933
        },
        {
          "date": "2026-05-29",
          "value": 1.730351800159412
        },
        {
          "date": "2026-06-05",
          "value": 1.9229362142317818
        },
        {
          "date": "2026-06-12",
          "value": 1.7468181730850632
        },
        {
          "date": "2026-06-19",
          "value": 1.375507247638096
        },
        {
          "date": "2026-06-26",
          "value": 1.2064552568925715
        },
        {
          "date": "2026-07-03",
          "value": 1.2424741937598125
        },
        {
          "date": "2026-07-10",
          "value": 1.2924273349219035
        },
        {
          "date": "2026-07-17",
          "value": 1.348545590900349
        },
        {
          "date": "2026-07-24",
          "value": 1.3281650512325278
        },
        {
          "date": "2026-07-31",
          "value": 1.302945382526482
        }
      ],
      "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": "2026-07-17",
          "value": null
        },
        {
          "date": "2026-07-24",
          "value": null
        },
        {
          "date": "2026-07-31",
          "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": "2026-07-17",
          "value": null
        },
        {
          "date": "2026-07-24",
          "value": null
        },
        {
          "date": "2026-07-31",
          "value": null
        }
      ]
    },
    "pivots": [
      {
        "index": 0,
        "date": "2025-12-19",
        "price": 22.059999,
        "kind": "low",
        "move_percent": null,
        "weeks": 0,
        "confirmed": true
      },
      {
        "index": 32,
        "date": "2026-07-31",
        "price": 25.075001,
        "kind": "high",
        "move_percent": 13.667280764609277,
        "weeks": 32,
        "confirmed": false
      }
    ],
    "labels": []
  }
}