{ "ticker": { "uuid": "3b631c11-153f-4a22-8389-378edabe3c76", "symbol": "SJAP", "name": "Leverage Shares -3x Short Japan ETP Securities", "exchange": "LSE", "country": "GB", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -82.865, "architecture_energy": 54.999, "architecture_maturity": 100.0, "architecture_confidence": 86.173, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 21.93, "rotation_up": 28.86, "upward_expansion": 8.25, "deceleration": 60.44, "rotation_down": 51.49, "downward_expansion": 77.08 }, "activity_lines": [ 0.732667, 0.742636, 0.779702, 0.838548 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 0.645, "trend_reference": 0.91175, "distance_from_trend": -0.292569, "trend_direction": "Weakening", "fair_value": 3.054806, "distance_from_fair_value": -0.788857, "fair_value_direction": "Weakening", "relative_strength": -49.640655, "relative_strength_direction": "Improving", "price_momentum": -0.348485, "excess_performance": -0.39972, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.292569, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.187087, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.788857, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.022085, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.496407, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.014478, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.348485, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.335893, "read": "Supply-led" } ], "volume": { "latest": 39, "relative_activity": 0.001695, "balance": 0.335893, "dry_up": 1.160096, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.108527, "annualized_volatility": 0.703503, "from_high_reference": -0.641667, "from_low_reference": 0.0 }, "levels": { "trend_reference": 0.91175, "fair_value_reference": 3.054806, "structural_low": 0.645, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": -0.051617, "positive_rate": 0.222222, "directional_follow_through": 0.777778, "median_excess_return": -0.073857, "regime_survival": 0.888889, "best_return": 0.427746, "worst_return": -0.298283, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.165109, "positive_rate": 0.111111, "directional_follow_through": 0.888889, "median_excess_return": -0.228212, "regime_survival": 0.777778, "best_return": 0.157989, "worst_return": -0.384615, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.234502, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.304702, "regime_survival": 0.5, "best_return": 0.08835, "worst_return": -0.509998, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.414985, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.525291, "regime_survival": 0.5, "best_return": -0.207012, "worst_return": -0.622958, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-12-15", "end": "2023-12-29", "tenure": "New", "return": -0.087326, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-05", "end": "2024-06-14", "tenure": "Established", "return": -0.13132, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": -0.230906, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-19", "end": "2024-07-26", "tenure": "New", "return": 0.071004, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-02", "end": "2024-08-09", "tenure": "New", "return": -0.041026, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": -0.1163, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2024-11-15", "tenure": "Developing", "return": 0.063593, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-22", "end": "2024-12-06", "tenure": "New", "return": -0.149708, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2025-02-21", "tenure": "Developing", "return": -0.064598, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": -0.160944, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2026-08-07", "tenure": "Extended", "return": -0.803083, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6.5425, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 6.4325, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 5.79875, "volume": 122, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 5.89125, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 5.50375, "volume": 517, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 5.82, "volume": 23, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 6.32575, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 6.76, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 6.66625, "volume": 16, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 7.0795, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 7.1495, "volume": 26, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 5.72075, "volume": 119, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 6.3575, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 5.618, "volume": 174, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 5.49275, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 5.4515, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 5.574, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 5.26475, "volume": 1101, "typical_volume": 110.0, "trend": 5.944792, "fair_value": 8.299969, "relative_strength": -20.503448, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.829507, "energy": 55.773332, "activity_lines": [ 5.438517, 5.736855, 5.980554, 5.961419 ] }, { "date": "2023-12-22", "close": 5.075, "volume": 510, "typical_volume": 130.9, "trend": 5.893917, "fair_value": 8.260154, "relative_strength": -23.637212, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.712665, "energy": 60.484125, "activity_lines": [ 5.30345, 5.561864, 5.888106, 5.905304 ] }, { "date": "2023-12-29", "close": 4.805, "volume": 0, "typical_volume": 130.4, "trend": 5.853792, "fair_value": 8.218018, "relative_strength": -27.089727, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.776445, "energy": 75.139458, "activity_lines": [ 5.114583, 5.366714, 5.772456, 5.835051 ] }, { "date": "2024-01-05", "close": 4.9345, "volume": 0, "typical_volume": 130.4, "trend": 5.825983, "fair_value": 8.178458, "relative_strength": -23.755694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.842596, "energy": 77.818455, "activity_lines": [ 5.014733, 5.236464, 5.674175, 5.775742 ] }, { "date": "2024-01-12", "close": 4.3675, "volume": 1020, "typical_volume": 181.4, "trend": 5.792608, "fair_value": 8.133089, "relative_strength": -31.260268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.500126, "energy": 88.369354, "activity_lines": [ 4.76035, 5.043395, 5.529551, 5.681646 ] }, { "date": "2024-01-19", "close": 4.57675, "volume": 6, "typical_volume": 175.6, "trend": 5.742958, "fair_value": 8.09125, "relative_strength": -25.788337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.204221, "energy": 84.637564, "activity_lines": [ 4.65615, 4.912977, 5.414689, 5.603204 ] }, { "date": "2024-01-26", "close": 4.623, "volume": 500, "typical_volume": 200.6, "trend": 5.7041, "fair_value": 8.050922, "relative_strength": -26.18716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.394269, "energy": 81.034305, "activity_lines": [ 4.613233, 4.823345, 5.310051, 5.530948 ] }, { "date": "2024-02-02", "close": 4.5225, "volume": 0, "typical_volume": 174.75, "trend": 5.660725, "fair_value": 8.010365, "relative_strength": -27.052718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.531854, "energy": 86.889813, "activity_lines": [ 4.56695, 4.733532, 5.201881, 5.454716 ] }, { "date": "2024-02-09", "close": 4.509, "volume": 0, "typical_volume": 173.6, "trend": 5.6314, "fair_value": 7.970577, "relative_strength": -26.249216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.224897, "energy": 85.36726, "activity_lines": [ 4.535, 4.658905, 5.097098, 5.380411 ] }, { "date": "2024-02-16", "close": 4.24075, "volume": 51, "typical_volume": 176.15, "trend": 5.589967, "fair_value": 7.928669, "relative_strength": -31.161344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.36981, "energy": 92.231225, "activity_lines": [ 4.442, 4.552641, 4.97301, 5.290692 ] }, { "date": "2024-02-23", "close": 3.98675, "volume": 467, "typical_volume": 199.5, "trend": 5.551825, "fair_value": 7.884869, "relative_strength": -34.343539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.716512, "energy": 94.425764, "activity_lines": [ 4.272783, 4.424436, 4.83466, 5.187259 ] }, { "date": "2024-03-01", "close": 3.81175, "volume": 619, "typical_volume": 229.65, "trend": 5.492133, "fair_value": 7.84011, "relative_strength": -36.166664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.03641, "energy": 94.370214, "activity_lines": [ 4.084567, 4.28765, 4.692849, 5.074996 ] }, { "date": "2024-03-08", "close": 3.571, "volume": 542, "typical_volume": 256.75, "trend": 5.41575, "fair_value": 7.793707, "relative_strength": -39.227888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.129683, "energy": 95.084779, "activity_lines": [ 3.870183, 4.130059, 4.541702, 4.951052 ] }, { "date": "2024-03-15", "close": 3.899, "volume": 652, "typical_volume": 288.05, "trend": 5.327633, "fair_value": 7.751828, "relative_strength": -33.185163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.31216, "energy": 77.969438, "activity_lines": [ 3.828567, 4.054541, 4.438501, 4.853197 ] }, { "date": "2024-03-22", "close": 3.5475, "volume": 129, "typical_volume": 288.55, "trend": 5.231467, "fair_value": 7.707101, "relative_strength": -39.852463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.577779, "energy": 74.176592, "activity_lines": [ 3.71045, 3.933941, 4.317302, 4.738349 ] }, { "date": "2024-03-29", "close": 3.615, "volume": 0, "typical_volume": 288.55, "trend": 5.158675, "fair_value": 7.664026, "relative_strength": -38.127943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.970306, "energy": 69.100241, "activity_lines": [ 3.66105, 3.840523, 4.212881, 4.634061 ] }, { "date": "2024-04-05", "close": 3.84125, "volume": 0, "typical_volume": 279.85, "trend": 5.090342, "fair_value": 7.624206, "relative_strength": -33.108111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.804559, "energy": 65.103084, "activity_lines": [ 3.71185, 3.805727, 4.143067, 4.549066 ] }, { "date": "2024-04-12", "close": 3.99925, "volume": 0, "typical_volume": 279.85, "trend": 5.040192, "fair_value": 7.586835, "relative_strength": -30.37238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.570596, "energy": 62.675652, "activity_lines": [ 3.81335, 3.813873, 4.096761, 4.478673 ] }, { "date": "2024-04-19", "close": 4.4735, "volume": 19, "typical_volume": 280.8, "trend": 4.995308, "fair_value": 7.555066, "relative_strength": -20.482278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.548848, "energy": 37.140699, "activity_lines": [ 4.044383, 3.917759, 4.102733, 4.442112 ] }, { "date": "2024-04-26", "close": 4.4365, "volume": 400, "typical_volume": 300.8, "trend": 4.932333, "fair_value": 7.523566, "relative_strength": -22.799963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.236979, "energy": 32.872983, "activity_lines": [ 4.224783, 4.015564, 4.109839, 4.40606 ] }, { "date": "2024-05-03", "close": 4.0235, "volume": 0, "typical_volume": 245.75, "trend": 4.841117, "fair_value": 7.488565, "relative_strength": -29.913933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.08455, "energy": 30.781445, "activity_lines": [ 4.20825, 4.034718, 4.083029, 4.347426 ] }, { "date": "2024-05-10", "close": 4.19175, "volume": 59, "typical_volume": 223.2, "trend": 4.758633, "fair_value": 7.455923, "relative_strength": -28.216239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.5173, "energy": 23.239136, "activity_lines": [ 4.220567, 4.083795, 4.078152, 4.305531 ] }, { "date": "2024-05-17", "close": 4.0225, "volume": 0, "typical_volume": 223.2, "trend": 4.656733, "fair_value": 7.422262, "relative_strength": -30.353783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.627488, "energy": 15.401136, "activity_lines": [ 4.1531, 4.095191, 4.061363, 4.258039 ] }, { "date": "2024-05-24", "close": 4.0755, "volume": 0, "typical_volume": 223.2, "trend": 4.554267, "fair_value": 7.389769, "relative_strength": -27.804798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.332359, "energy": 23.369822, "activity_lines": [ 4.10175, 4.108014, 4.053348, 4.22054 ] }, { "date": "2024-05-31", "close": 4.0525, "volume": 31, "typical_volume": 173.75, "trend": 4.498658, "fair_value": 7.35768, "relative_strength": -27.227221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.988731, "energy": 22.097616, "activity_lines": [ 4.069267, 4.113445, 4.047232, 4.188168 ] }, { "date": "2024-06-07", "close": 4.01075, "volume": 11, "typical_volume": 174.0, "trend": 4.420433, "fair_value": 7.325805, "relative_strength": -27.139382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.200159, "energy": 26.44281, "activity_lines": [ 4.048467, 4.102105, 4.03864, 4.15669 ] }, { "date": "2024-06-14", "close": 4.2865, "volume": 2, "typical_volume": 149.1, "trend": 4.37605, "fair_value": 7.297132, "relative_strength": -20.786206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.716592, "energy": 11.572169, "activity_lines": [ 4.120433, 4.133705, 4.059006, 4.148049 ] }, { "date": "2024-06-21", "close": 4.5105, "volume": 0, "typical_volume": 149.1, "trend": 4.343308, "fair_value": 7.271089, "relative_strength": -16.927108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.626009, "energy": 16.202057, "activity_lines": [ 4.26075, 4.197936, 4.102307, 4.156723 ] }, { "date": "2024-06-28", "close": 4.0485, "volume": 0, "typical_volume": 149.1, "trend": 4.296542, "fair_value": 7.24125, "relative_strength": -24.16042, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.56293, "energy": 14.043895, "activity_lines": [ 4.214533, 4.168873, 4.101665, 4.137703 ] }, { "date": "2024-07-05", "close": 3.75775, "volume": 0, "typical_volume": 146.55, "trend": 4.236, "fair_value": 7.209291, "relative_strength": -29.231513, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.203877, "energy": 18.095417, "activity_lines": [ 4.0732, 4.094673, 4.075526, 4.102942 ] }, { "date": "2024-07-12", "close": 3.469, "volume": 26, "typical_volume": 124.5, "trend": 4.176142, "fair_value": 7.175289, "relative_strength": -34.464452, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.221943, "energy": 56.095087, "activity_lines": [ 3.855267, 3.980314, 4.024187, 4.053459 ] }, { "date": "2024-07-19", "close": 3.704, "volume": 0, "typical_volume": 93.55, "trend": 4.130442, "fair_value": 7.144016, "relative_strength": -28.631589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.377861, "energy": 62.302041, "activity_lines": [ 3.751783, 3.918764, 3.997694, 4.022998 ] }, { "date": "2024-07-26", "close": 3.967, "volume": 26, "typical_volume": 67.75, "trend": 4.102508, "fair_value": 7.11565, "relative_strength": -24.333306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.566881, "energy": 60.766407, "activity_lines": [ 3.7748, 3.9139, 3.996762, 4.012453 ] }, { "date": "2024-08-02", "close": 4.66775, "volume": 41, "typical_volume": 37.2, "trend": 4.093617, "fair_value": 7.093987, "relative_strength": -9.290563, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 3.607213, "energy": 5.186193, "activity_lines": [ 4.067633, 4.037455, 4.060682, 4.04892 ] }, { "date": "2024-08-09", "close": 4.47625, "volume": 44, "typical_volume": 32.95, "trend": 4.097242, "fair_value": 7.071024, "relative_strength": -12.322624, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.557416, "energy": 25.308595, "activity_lines": [ 4.25535, 4.115423, 4.102704, 4.073606 ] }, { "date": "2024-08-16", "close": 3.64575, "volume": 18, "typical_volume": 33.85, "trend": 4.066208, "fair_value": 7.041239, "relative_strength": -28.808584, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.114111, "energy": 15.698369, "activity_lines": [ 4.118333, 4.034686, 4.061207, 4.044478 ] }, { "date": "2024-08-23", "close": 3.214, "volume": 61, "typical_volume": 36.9, "trend": 4.019242, "fair_value": 7.008246, "relative_strength": -36.389044, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.246103, "energy": 26.714424, "activity_lines": [ 3.825617, 3.882086, 3.978445, 3.989497 ] }, { "date": "2024-08-30", "close": 3.22175, "volume": 418, "typical_volume": 57.8, "trend": 3.975883, "fair_value": 6.975882, "relative_strength": -35.809085, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.399217, "energy": 65.812799, "activity_lines": [ 3.56815, 3.750395, 3.899408, 3.938046 ] }, { "date": "2024-09-06", "close": 3.7465, "volume": 55, "typical_volume": 59.6, "trend": 3.950467, "fair_value": 6.948515, "relative_strength": -22.755992, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.274788, "energy": 59.89505, "activity_lines": [ 3.535283, 3.737545, 3.87405, 3.923247 ] }, { "date": "2024-09-13", "close": 3.44075, "volume": 1224, "typical_volume": 100.8, "trend": 3.9238, "fair_value": 6.919038, "relative_strength": -29.160909, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.502928, "energy": 66.230446, "activity_lines": [ 3.461917, 3.674595, 3.823035, 3.890362 ] }, { "date": "2024-09-20", "close": 3.281, "volume": 0, "typical_volume": 100.8, "trend": 3.900275, "fair_value": 6.888721, "relative_strength": -31.288669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.358787, "energy": 64.556274, "activity_lines": [ 3.404333, 3.588364, 3.761546, 3.848891 ] }, { "date": "2024-09-27", "close": 3.1445, "volume": 151, "typical_volume": 105.4, "trend": 3.878033, "fair_value": 6.857777, "relative_strength": -33.871808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.621843, "energy": 57.624916, "activity_lines": [ 3.325567, 3.480732, 3.690594, 3.800131 ] }, { "date": "2024-10-04", "close": 3.24, "volume": 166, "typical_volume": 113.7, "trend": 3.867, "fair_value": 6.828123, "relative_strength": -30.33544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.779647, "energy": 58.726407, "activity_lines": [ 3.283267, 3.400636, 3.633724, 3.758968 ] }, { "date": "2024-10-11", "close": 3.301, "volume": 378, "typical_volume": 132.6, "trend": 3.847067, "fair_value": 6.799447, "relative_strength": -27.609645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.910023, "energy": 53.945243, "activity_lines": [ 3.260083, 3.34485, 3.586389, 3.722452 ] }, { "date": "2024-10-18", "close": 3.48125, "volume": 9, "typical_volume": 131.5, "trend": 3.844858, "fair_value": 6.772687, "relative_strength": -23.168255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.28366, "energy": 39.958232, "activity_lines": [ 3.326683, 3.346686, 3.55991, 3.698851 ] }, { "date": "2024-10-25", "close": 3.90575, "volume": 310, "typical_volume": 146.45, "trend": 3.85455, "fair_value": 6.749752, "relative_strength": -11.055267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.905243, "energy": 15.005435, "activity_lines": [ 3.532083, 3.443795, 3.576579, 3.702779 ] }, { "date": "2024-11-01", "close": 3.75275, "volume": 0, "typical_volume": 146.35, "trend": 3.8516, "fair_value": 6.725966, "relative_strength": -12.807523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.862782, "energy": 19.573272, "activity_lines": [ 3.644833, 3.508359, 3.579176, 3.696211 ] }, { "date": "2024-11-08", "close": 3.60925, "volume": 100, "typical_volume": 151.35, "trend": 3.8386, "fair_value": 6.701425, "relative_strength": -13.739931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.823898, "energy": 24.806247, "activity_lines": [ 3.6692, 3.537036, 3.570649, 3.680576 ] }, { "date": "2024-11-15", "close": 3.98475, "volume": 960, "typical_volume": 199.35, "trend": 3.822308, "fair_value": 6.680201, "relative_strength": -3.752957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.697093, "energy": 30.628153, "activity_lines": [ 3.794117, 3.626941, 3.602175, 3.690005 ] }, { "date": "2024-11-22", "close": 3.98275, "volume": 0, "typical_volume": 199.35, "trend": 3.807183, "fair_value": 6.659291, "relative_strength": -5.219748, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.447748, "energy": 50.548343, "activity_lines": [ 3.872783, 3.71215, 3.633814, 3.700356 ] }, { "date": "2024-11-29", "close": 3.6365, "volume": 159, "typical_volume": 206.0, "trend": 3.794283, "fair_value": 6.636038, "relative_strength": -12.782233, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.539902, "energy": 30.024109, "activity_lines": [ 3.8026, 3.72455, 3.631406, 3.689344 ] }, { "date": "2024-12-06", "close": 3.3865, "volume": 100, "typical_volume": 211.0, "trend": 3.767442, "fair_value": 6.611233, "relative_strength": -17.950717, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -36.988441, "energy": 20.44156, "activity_lines": [ 3.667033, 3.685032, 3.60439, 3.663035 ] }, { "date": "2024-12-13", "close": 3.64175, "volume": 0, "typical_volume": 209.7, "trend": 3.75475, "fair_value": 6.588737, "relative_strength": -10.793661, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.982047, "energy": 15.44826, "activity_lines": [ 3.640967, 3.687523, 3.603196, 3.654926 ] }, { "date": "2024-12-20", "close": 3.97425, "volume": 1, "typical_volume": 207.7, "trend": 3.751375, "fair_value": 6.569079, "relative_strength": 0.608219, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -3.49161, "energy": 8.7049, "activity_lines": [ 3.723567, 3.743164, 3.635218, 3.669088 ] }, { "date": "2024-12-27", "close": 3.74075, "volume": 0, "typical_volume": 205.5, "trend": 3.740983, "fair_value": 6.547972, "relative_strength": -5.456326, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.674987, "energy": 5.744199, "activity_lines": [ 3.729033, 3.744109, 3.648304, 3.668402 ] }, { "date": "2025-01-03", "close": 3.913, "volume": 0, "typical_volume": 204.6, "trend": 3.737725, "fair_value": 6.528454, "relative_strength": -1.34684, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.220826, "energy": 27.878504, "activity_lines": [ 3.80805, 3.771655, 3.681296, 3.6795 ] }, { "date": "2025-01-10", "close": 4.25475, "volume": 1211, "typical_volume": 262.1, "trend": 3.736667, "fair_value": 6.511735, "relative_strength": 7.194138, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 46.459473, "energy": 55.311767, "activity_lines": [ 3.98255, 3.861205, 3.745564, 3.712856 ] }, { "date": "2025-01-17", "close": 4.03125, "volume": 20, "typical_volume": 242.2, "trend": 3.720692, "fair_value": 6.49363, "relative_strength": -0.950355, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.09897, "energy": 58.68204, "activity_lines": [ 4.024667, 3.900991, 3.78359, 3.731862 ] }, { "date": "2025-01-24", "close": 3.5575, "volume": 101, "typical_volume": 244.5, "trend": 3.704325, "fair_value": 6.472353, "relative_strength": -11.899448, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.113451, "energy": 35.571183, "activity_lines": [ 3.8829, 3.846968, 3.772643, 3.721333 ] }, { "date": "2025-01-31", "close": 3.535, "volume": 821, "typical_volume": 224.35, "trend": 3.6969, "fair_value": 6.451221, "relative_strength": -13.536234, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.316753, "energy": 11.210108, "activity_lines": [ 3.761417, 3.796623, 3.760452, 3.710409 ] }, { "date": "2025-02-07", "close": 3.591, "volume": 28, "typical_volume": 225.75, "trend": 3.700967, "fair_value": 6.430791, "relative_strength": -11.776396, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.493857, "energy": 11.692745, "activity_lines": [ 3.672317, 3.7646, 3.753146, 3.703577 ] }, { "date": "2025-02-14", "close": 3.42, "volume": 11, "typical_volume": 218.75, "trend": 3.6915, "fair_value": 6.409438, "relative_strength": -15.737209, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.820293, "energy": 31.966531, "activity_lines": [ 3.547683, 3.702314, 3.728079, 3.68545 ] }, { "date": "2025-02-21", "close": 3.4065, "volume": 148, "typical_volume": 217.85, "trend": 3.672817, "fair_value": 6.38829, "relative_strength": -14.925011, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.54169, "energy": 41.481779, "activity_lines": [ 3.4742, 3.636964, 3.700413, 3.667063 ] }, { "date": "2025-02-28", "close": 3.582, "volume": 0, "typical_volume": 198.95, "trend": 3.636625, "fair_value": 6.368666, "relative_strength": -11.739482, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.203911, "energy": 37.017564, "activity_lines": [ 3.500867, 3.6078, 3.688669, 3.661204 ] }, { "date": "2025-03-07", "close": 3.267, "volume": 0, "typical_volume": 198.5, "trend": 3.596317, "fair_value": 6.347127, "relative_strength": -17.989805, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.088388, "energy": 46.837859, "activity_lines": [ 3.4209, 3.528495, 3.645587, 3.637357 ] }, { "date": "2025-03-14", "close": 3.1345, "volume": 3, "typical_volume": 183.15, "trend": 3.579275, "fair_value": 6.324971, "relative_strength": -20.410273, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.857814, "energy": 52.26082, "activity_lines": [ 3.314633, 3.433714, 3.590906, 3.607562 ] }, { "date": "2025-03-21", "close": 3.0055, "volume": 0, "typical_volume": 183.15, "trend": 3.572325, "fair_value": 6.302235, "relative_strength": -23.492178, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.329727, "energy": 74.517635, "activity_lines": [ 3.1958, 3.329632, 3.527612, 3.570545 ] }, { "date": "2025-03-28", "close": 3.2755, "volume": 0, "typical_volume": 178.15, "trend": 3.574117, "fair_value": 6.281645, "relative_strength": -16.465851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.461894, "energy": 70.080994, "activity_lines": [ 3.1946, 3.297355, 3.49359, 3.551395 ] }, { "date": "2025-04-04", "close": 4.04, "volume": 309, "typical_volume": 145.6, "trend": 3.5839, "fair_value": 6.266498, "relative_strength": 10.680195, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.112977, "energy": 14.97347, "activity_lines": [ 3.456967, 3.417818, 3.533968, 3.581452 ] }, { "date": "2025-04-11", "close": 3.57, "volume": 71332, "typical_volume": 3712.2, "trend": 3.588208, "fair_value": 6.248401, "relative_strength": -0.862444, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.309933, "energy": 16.340459, "activity_lines": [ 3.532133, 3.444055, 3.52932, 3.580555 ] }, { "date": "2025-04-18", "close": 2.96, "volume": 1125, "typical_volume": 3760.5, "trend": 3.577508, "fair_value": 6.226478, "relative_strength": -20.1868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.520259, "energy": 24.190015, "activity_lines": [ 3.383767, 3.358745, 3.468543, 3.540025 ] }, { "date": "2025-04-25", "close": 2.71, "volume": 0, "typical_volume": 3755.5, "trend": 3.563025, "fair_value": 6.20319, "relative_strength": -27.445633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.416709, "energy": 35.934364, "activity_lines": [ 3.1637, 3.239455, 3.387177, 3.484057 ] }, { "date": "2025-05-02", "close": 2.55, "volume": 134, "typical_volume": 3762.2, "trend": 3.540025, "fair_value": 6.179156, "relative_strength": -32.603298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.680154, "energy": 74.092669, "activity_lines": [ 2.91, 3.103982, 3.293795, 3.418701 ] }, { "date": "2025-05-09", "close": 2.53, "volume": 0, "typical_volume": 3762.15, "trend": 3.514325, "fair_value": 6.155306, "relative_strength": -32.210563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.3607, "energy": 82.767793, "activity_lines": [ 2.698, 2.980445, 3.203707, 3.353538 ] }, { "date": "2025-05-16", "close": 2.52, "volume": 96, "typical_volume": 3766.95, "trend": 3.482283, "fair_value": 6.1317, "relative_strength": -32.933229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.246408, "energy": 82.977724, "activity_lines": [ 2.583333, 2.874218, 3.119544, 3.289388 ] }, { "date": "2025-05-23", "close": 2.43, "volume": 359448, "typical_volume": 21739.35, "trend": 3.433092, "fair_value": 6.107818, "relative_strength": -34.965585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.334589, "energy": 82.989531, "activity_lines": [ 2.508667, 2.765209, 3.032623, 3.221498 ] }, { "date": "2025-05-30", "close": 2.3, "volume": 0, "typical_volume": 21678.8, "trend": 3.384667, "fair_value": 6.083409, "relative_strength": -38.195577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.032943, "energy": 81.74703, "activity_lines": [ 2.426, 2.645373, 2.940382, 3.148396 ] }, { "date": "2025-06-06", "close": 2.3, "volume": 37, "typical_volume": 21679.65, "trend": 3.341025, "fair_value": 6.030716, "relative_strength": -38.018111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.523857, "energy": 70.669046, "activity_lines": [ 2.370667, 2.538364, 2.85745, 3.078417 ] }, { "date": "2025-06-13", "close": 2.26, "volume": 0, "typical_volume": 21674.6, "trend": 3.283533, "fair_value": 5.970091, "relative_strength": -38.419652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.018376, "energy": 67.348543, "activity_lines": [ 2.318667, 2.441818, 2.778952, 3.008674 ] }, { "date": "2025-06-20", "close": 2.39, "volume": 0, "typical_volume": 21633.55, "trend": 3.230442, "fair_value": 5.909995, "relative_strength": -33.465033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.654839, "energy": 56.487536, "activity_lines": [ 2.328, 2.401273, 2.719014, 2.951026 ] }, { "date": "2025-06-27", "close": 2.03, "volume": 10657, "typical_volume": 22165.0, "trend": 3.176892, "fair_value": 5.847319, "relative_strength": -42.931553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.622279, "energy": 60.466468, "activity_lines": [ 2.226, 2.316727, 2.630243, 2.873578 ] }, { "date": "2025-07-04", "close": 2.085, "volume": 0, "typical_volume": 22164.45, "trend": 3.133508, "fair_value": 5.788296, "relative_strength": -40.921685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.626887, "energy": 66.577559, "activity_lines": [ 2.169, 2.259091, 2.554143, 2.803134 ] }, { "date": "2025-07-11", "close": 2.29, "volume": 20, "typical_volume": 22158.05, "trend": 3.08845, "fair_value": 5.725845, "relative_strength": -35.46129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.482626, "energy": 83.280019, "activity_lines": [ 2.194667, 2.250091, 2.503924, 2.748714 ] }, { "date": "2025-07-18", "close": 2.33, "volume": 30, "typical_volume": 22159.55, "trend": 3.033642, "fair_value": 5.672848, "relative_strength": -34.083392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.474719, "energy": 84.341913, "activity_lines": [ 2.234333, 2.253091, 2.462831, 2.699782 ] }, { "date": "2025-07-25", "close": 1.97, "volume": 135, "typical_volume": 22166.3, "trend": 2.974617, "fair_value": 5.621462, "relative_strength": -44.335756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.485082, "energy": 88.747896, "activity_lines": [ 2.149333, 2.194273, 2.393414, 2.63116 ] }, { "date": "2025-08-01", "close": 2.16, "volume": 71, "typical_volume": 22169.7, "trend": 2.916183, "fair_value": 5.568673, "relative_strength": -37.589797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.020094, "energy": 71.249179, "activity_lines": [ 2.155667, 2.18, 2.348269, 2.578604 ] }, { "date": "2025-08-08", "close": 1.79, "volume": 26, "typical_volume": 22171.0, "trend": 2.834025, "fair_value": 5.519819, "relative_strength": -47.505498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.760615, "energy": 70.66646, "activity_lines": [ 2.03, 2.103364, 2.272526, 2.505947 ] }, { "date": "2025-08-15", "close": 1.635, "volume": 242, "typical_volume": 22183.1, "trend": 2.75415, "fair_value": 5.465604, "relative_strength": -51.633338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.407512, "energy": 74.132099, "activity_lines": [ 1.872333, 2.007818, 2.18781, 2.42859 ] }, { "date": "2025-08-22", "close": 1.63, "volume": 0, "typical_volume": 22167.65, "trend": 2.6899, "fair_value": 5.408088, "relative_strength": -52.200779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.757597, "energy": 84.572277, "activity_lines": [ 1.756667, 1.923455, 2.110429, 2.356065 ] }, { "date": "2025-08-29", "close": 1.75, "volume": 110, "typical_volume": 18606.55, "trend": 2.6304, "fair_value": 5.345604, "relative_strength": -47.395942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.740742, "energy": 84.513739, "activity_lines": [ 1.727667, 1.872364, 2.055952, 2.295426 ] }, { "date": "2025-09-05", "close": 1.685, "volume": 100, "typical_volume": 18555.3, "trend": 2.566867, "fair_value": 5.282207, "relative_strength": -48.715951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.470917, "energy": 84.125688, "activity_lines": [ 1.691667, 1.821091, 2.003952, 2.234432 ] }, { "date": "2025-09-12", "close": 1.59, "volume": 123, "typical_volume": 18561.45, "trend": 2.505867, "fair_value": 5.213136, "relative_strength": -51.357519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.432174, "energy": 69.119435, "activity_lines": [ 1.655667, 1.758818, 1.948976, 2.171409 ] }, { "date": "2025-09-19", "close": 1.58, "volume": 355, "typical_volume": 18572.5, "trend": 2.444983, "fair_value": 5.134082, "relative_strength": -50.702353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.264155, "energy": 67.318225, "activity_lines": [ 1.629667, 1.703727, 1.898381, 2.111675 ] }, { "date": "2025-09-26", "close": 1.605, "volume": 0, "typical_volume": 18572.5, "trend": 2.379083, "fair_value": 5.051149, "relative_strength": -49.719471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.905046, "energy": 66.532631, "activity_lines": [ 1.615667, 1.666091, 1.854786, 2.057483 ] }, { "date": "2025-10-03", "close": 1.515, "volume": 165, "typical_volume": 18575.95, "trend": 2.320683, "fair_value": 4.973633, "relative_strength": -52.962022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.703661, "energy": 68.676556, "activity_lines": [ 1.573333, 1.625273, 1.807024, 2.001735 ] }, { "date": "2025-10-10", "close": 1.68, "volume": 214, "typical_volume": 614.25, "trend": 2.2722, "fair_value": 4.890139, "relative_strength": -46.817784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.528134, "energy": 61.515192, "activity_lines": [ 1.601667, 1.622727, 1.779762, 1.960401 ] }, { "date": "2025-10-17", "close": 1.51, "volume": 320, "typical_volume": 630.25, "trend": 2.22235, "fair_value": 4.806165, "relative_strength": -51.111085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.237461, "energy": 60.877777, "activity_lines": [ 1.573667, 1.598, 1.739881, 1.911227 ] }, { "date": "2025-10-24", "close": 1.70398, "volume": 53, "typical_volume": 631.05, "trend": 2.169966, "fair_value": 4.731543, "relative_strength": -45.553735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.356706, "energy": 48.338231, "activity_lines": [ 1.61566, 1.613633, 1.722236, 1.877784 ] }, { "date": "2025-10-31", "close": 1.425, "volume": 1483, "typical_volume": 705.2, "trend": 2.082799, "fair_value": 4.658162, "relative_strength": -53.95148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.798509, "energy": 56.221795, "activity_lines": [ 1.556395, 1.577288, 1.68086, 1.829721 ] }, { "date": "2025-11-07", "close": 1.465, "volume": 30110, "typical_volume": 2210.7, "trend": 2.012633, "fair_value": 4.606255, "relative_strength": -51.625114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.788496, "energy": 60.768564, "activity_lines": [ 1.522463, 1.551943, 1.64727, 1.789863 ] }, { "date": "2025-11-14", "close": 1.375, "volume": 232, "typical_volume": 1689.45, "trend": 1.959799, "fair_value": 4.553651, "relative_strength": -53.667038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.233273, "energy": 71.556402, "activity_lines": [ 1.461864, 1.515416, 1.609513, 1.748726 ] }, { "date": "2025-11-21", "close": 1.57, "volume": 3597, "typical_volume": 1869.3, "trend": 1.921799, "fair_value": 4.507569, "relative_strength": -45.121123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.050157, "energy": 55.972384, "activity_lines": [ 1.486599, 1.51998, 1.593446, 1.723577 ] }, { "date": "2025-11-28", "close": 1.425, "volume": 93, "typical_volume": 1872.95, "trend": 1.884299, "fair_value": 4.460421, "relative_strength": -50.182534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.496547, "energy": 55.259006, "activity_lines": [ 1.459, 1.498544, 1.566022, 1.691526 ] }, { "date": "2025-12-05", "close": 1.39, "volume": 14500, "typical_volume": 2596.45, "trend": 1.846299, "fair_value": 4.41321, "relative_strength": -50.280031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.189196, "energy": 54.338516, "activity_lines": [ 1.438333, 1.473562, 1.539384, 1.659636 ] }, { "date": "2025-12-12", "close": 1.355, "volume": 29900, "typical_volume": 4084.7, "trend": 1.807466, "fair_value": 4.362897, "relative_strength": -50.458783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.560294, "energy": 53.18404, "activity_lines": [ 1.408333, 1.446126, 1.513889, 1.627939 ] }, { "date": "2025-12-19", "close": 1.365, "volume": 4013, "typical_volume": 4281.8, "trend": 1.771966, "fair_value": 4.313346, "relative_strength": -50.149595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.543895, "energy": 52.992555, "activity_lines": [ 1.389, 1.423417, 1.492275, 1.599393 ] }, { "date": "2025-12-26", "close": 1.34, "volume": 0, "typical_volume": 4280.5, "trend": 1.739966, "fair_value": 4.264492, "relative_strength": -49.802339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.253812, "energy": 52.815656, "activity_lines": [ 1.362, 1.401891, 1.472066, 1.571524 ] }, { "date": "2026-01-02", "close": 1.34, "volume": 0, "typical_volume": 4268.4, "trend": 1.707966, "fair_value": 4.214316, "relative_strength": -48.970006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.487585, "energy": 51.73531, "activity_lines": [ 1.350333, 1.383455, 1.453999, 1.54572 ] }, { "date": "2026-01-09", "close": 1.195, "volume": 1, "typical_volume": 4268.45, "trend": 1.672466, "fair_value": 4.171287, "relative_strength": -53.936385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.671517, "energy": 66.0928, "activity_lines": [ 1.296, 1.345273, 1.423528, 1.512625 ] }, { "date": "2026-01-16", "close": 1.15, "volume": 613, "typical_volume": 4293.6, "trend": 1.631133, "fair_value": 4.130509, "relative_strength": -54.927147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.759758, "energy": 82.647809, "activity_lines": [ 1.239667, 1.303091, 1.390842, 1.478918 ] }, { "date": "2026-01-23", "close": 1.185, "volume": 33, "typical_volume": 4290.25, "trend": 1.602966, "fair_value": 4.091976, "relative_strength": -52.018219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.412795, "energy": 86.405075, "activity_lines": [ 1.208667, 1.273, 1.364347, 1.450135 ] }, { "date": "2026-01-30", "close": 1.105, "volume": 1714, "typical_volume": 4369.8, "trend": 1.570299, "fair_value": 4.052593, "relative_strength": -54.532646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.390143, "energy": 93.064683, "activity_lines": [ 1.163, 1.231818, 1.332614, 1.418008 ] }, { "date": "2026-02-06", "close": 0.99, "volume": 566, "typical_volume": 4380.35, "trend": 1.526966, "fair_value": 4.011183, "relative_strength": -58.781335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.365582, "energy": 95.510532, "activity_lines": [ 1.094667, 1.178182, 1.292238, 1.380569 ] }, { "date": "2026-02-13", "close": 0.8375, "volume": 2802, "typical_volume": 4520.45, "trend": 1.477216, "fair_value": 3.965598, "relative_strength": -64.467465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.106668, "energy": 97.480481, "activity_lines": [ 0.998833, 1.104727, 1.240147, 1.336088 ] }, { "date": "2026-02-20", "close": 0.9125, "volume": 7726, "typical_volume": 4898.5, "trend": 1.441966, "fair_value": 3.916703, "relative_strength": -61.136448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.578026, "energy": 92.474494, "activity_lines": [ 0.951833, 1.054955, 1.198854, 1.299654 ] }, { "date": "2026-02-27", "close": 0.865, "volume": 95, "typical_volume": 4892.55, "trend": 1.398799, "fair_value": 3.868707, "relative_strength": -62.850484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.426819, "energy": 92.827778, "activity_lines": [ 0.904833, 1.004591, 1.155907, 1.262431 ] }, { "date": "2026-03-06", "close": 1.105, "volume": 1996, "typical_volume": 4976.35, "trend": 1.375966, "fair_value": 3.826455, "relative_strength": -48.405072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.873402, "energy": 67.385622, "activity_lines": [ 0.959167, 1.006955, 1.139698, 1.243476 ] }, { "date": "2026-03-13", "close": 1.19, "volume": 47087, "typical_volume": 7328.05, "trend": 1.361133, "fair_value": 3.781102, "relative_strength": -43.007671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.663833, "energy": 49.822519, "activity_lines": [ 1.041833, 1.029045, 1.133512, 1.231478 ] }, { "date": "2026-03-20", "close": 1.23, "volume": 54452, "typical_volume": 9976.5, "trend": 1.347799, "fair_value": 3.739364, "relative_strength": -37.739861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.575205, "energy": 28.526509, "activity_lines": [ 1.1245, 1.061136, 1.133583, 1.223018 ] }, { "date": "2026-03-27", "close": 1.235, "volume": 9, "typical_volume": 8471.45, "trend": 1.330633, "fair_value": 3.702192, "relative_strength": -36.228531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.891003, "energy": 31.897556, "activity_lines": [ 1.182667, 1.0935, 1.13506, 1.215741 ] }, { "date": "2026-04-03", "close": 1.075, "volume": 2965, "typical_volume": 8608.1, "trend": 1.310299, "fair_value": 3.662216, "relative_strength": -44.807248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.714158, "energy": 28.388777, "activity_lines": [ 1.166, 1.095227, 1.122393, 1.199248 ] }, { "date": "2026-04-10", "close": 0.94, "volume": 56984, "typical_volume": 11277.45, "trend": 1.288633, "fair_value": 3.623322, "relative_strength": -50.657759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.639543, "energy": 24.812915, "activity_lines": [ 1.090333, 1.074409, 1.098298, 1.175358 ] }, { "date": "2026-04-17", "close": 0.86, "volume": 8508, "typical_volume": 11698.2, "trend": 1.264633, "fair_value": 3.584604, "relative_strength": -53.770482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.094206, "energy": 47.34424, "activity_lines": [ 0.999, 1.042045, 1.069583, 1.147704 ] }, { "date": "2026-04-24", "close": 0.9725, "volume": 26585, "typical_volume": 12302.45, "trend": 1.243549, "fair_value": 3.546319, "relative_strength": -44.882041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.92835, "energy": 48.716762, "activity_lines": [ 0.967167, 1.0325, 1.054274, 1.128857 ] }, { "date": "2026-05-01", "close": 0.92, "volume": 13319, "typical_volume": 11473.4, "trend": 1.223716, "fair_value": 3.509484, "relative_strength": -46.523597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.208556, "energy": 64.536963, "activity_lines": [ 0.935, 1.010955, 1.035952, 1.107983 ] }, { "date": "2026-05-08", "close": 0.81, "volume": 25121, "typical_volume": 12528.8, "trend": 1.194716, "fair_value": 3.473001, "relative_strength": -51.088445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.027501, "energy": 72.855343, "activity_lines": [ 0.887167, 0.969273, 1.009226, 1.081291 ] }, { "date": "2026-05-15", "close": 0.84, "volume": 74850, "typical_volume": 16271.3, "trend": 1.172383, "fair_value": 3.437913, "relative_strength": -47.800513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.859274, "energy": 64.752027, "activity_lines": [ 0.867, 0.934045, 0.988, 1.058406 ] }, { "date": "2026-05-22", "close": 0.825, "volume": 8193, "typical_volume": 16680.95, "trend": 1.143083, "fair_value": 3.400886, "relative_strength": -48.812843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.071133, "energy": 64.499956, "activity_lines": [ 0.8485, 0.900909, 0.967726, 1.035995 ] }, { "date": "2026-05-29", "close": 0.78, "volume": 6037, "typical_volume": 16982.75, "trend": 1.121583, "fair_value": 3.367368, "relative_strength": -50.174732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.174032, "energy": 66.100134, "activity_lines": [ 0.817333, 0.866227, 0.945619, 1.01257 ] }, { "date": "2026-06-05", "close": 0.81, "volume": 1500, "typical_volume": 17027.1, "trend": 1.09975, "fair_value": 3.335582, "relative_strength": -46.81419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.051808, "energy": 64.628309, "activity_lines": [ 0.809, 0.845182, 0.928345, 0.992468 ] }, { "date": "2026-06-12", "close": 0.78, "volume": 0, "typical_volume": 17025.45, "trend": 1.079917, "fair_value": 3.306167, "relative_strength": -48.060885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.287522, "energy": 66.751483, "activity_lines": [ 0.798, 0.826409, 0.909833, 0.971839 ] }, { "date": "2026-06-19", "close": 0.715, "volume": 52731, "typical_volume": 19576.3, "trend": 1.051417, "fair_value": 3.271864, "relative_strength": -50.542305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.908201, "energy": 76.818498, "activity_lines": [ 0.767333, 0.801182, 0.88706, 0.948296 ] }, { "date": "2026-06-26", "close": 0.76, "volume": 130, "typical_volume": 19554.5, "trend": 1.02925, "fair_value": 3.239628, "relative_strength": -46.99621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.452598, "energy": 71.225665, "activity_lines": [ 0.76, 0.788227, 0.870429, 0.929495 ] }, { "date": "2026-07-03", "close": 0.725, "volume": 17196, "typical_volume": 20274.2, "trend": 1.007083, "fair_value": 3.206944, "relative_strength": -49.037132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.023736, "energy": 81.207169, "activity_lines": [ 0.745333, 0.770727, 0.85156, 0.909866 ] }, { "date": "2026-07-10", "close": 0.72, "volume": 59276, "typical_volume": 22851.7, "trend": 0.985917, "fair_value": 3.177016, "relative_strength": -47.079913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.410439, "energy": 82.731543, "activity_lines": [ 0.732667, 0.756818, 0.83275, 0.891344 ] }, { "date": "2026-07-17", "close": 0.825, "volume": 5660, "typical_volume": 23129.95, "trend": 0.967917, "fair_value": 3.147152, "relative_strength": -38.2923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.783763, "energy": 52.10212, "activity_lines": [ 0.761, 0.765636, 0.824857, 0.880962 ] }, { "date": "2026-07-24", "close": 0.785, "volume": 4429, "typical_volume": 23251.6, "trend": 0.949417, "fair_value": 3.119293, "relative_strength": -40.735704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.605133, "energy": 43.963498, "activity_lines": [ 0.773, 0.766909, 0.813345, 0.869161 ] }, { "date": "2026-07-31", "close": 0.76, "volume": 96641, "typical_volume": 25729.3, "trend": 0.930083, "fair_value": 3.088251, "relative_strength": -41.792886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.082327, "energy": 37.133597, "activity_lines": [ 0.772, 0.764636, 0.800976, 0.856941 ] }, { "date": "2026-08-07", "close": 0.645, "volume": 39, "typical_volume": 23008.65, "trend": 0.91175, "fair_value": 3.054806, "relative_strength": -49.640655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.865036, "energy": 54.999193, "activity_lines": [ 0.732667, 0.742636, 0.779702, 0.838548 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }