{
  "ticker": {
    "uuid": "3d56f4b2-ea34-4a20-980d-e0a3df3939a5",
    "symbol": "230480",
    "name": "Kiwoom KOSEF USD Futures Inverse 2X Special Assets ETF Investment Trust - USD-Derivatives (Synth)",
    "exchange": "KSC",
    "country": "KR",
    "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": "^KS11",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 49.609,
    "architecture_energy": 68.799,
    "architecture_maturity": 8.508,
    "architecture_confidence": 74.801,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 20.97,
        "rotation_up": 77.04,
        "upward_expansion": 54.91,
        "deceleration": 19.85,
        "rotation_down": 14.01,
        "downward_expansion": 27.57
      },
      "activity_lines": [
        4239.0,
        4074.636364,
        4004.142857,
        4020.387097
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 4400.0,
    "trend_reference": 4069.0,
    "distance_from_trend": 0.081347,
    "trend_direction": "Weakening",
    "fair_value": 4890.128205,
    "distance_from_fair_value": -0.100228,
    "fair_value_direction": "Improving",
    "relative_strength": -20.334019,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.043891,
    "excess_performance": -0.185938,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.081347,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.024649,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.100228,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.082584,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.20334,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.323902,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.043891,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.011279,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 13267,
      "relative_activity": 0.193462,
      "balance": 4.011279,
      "dry_up": 0.514293,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.034528,
      "annualized_volatility": 0.188189,
      "from_high_reference": -0.096509,
      "from_low_reference": 0.195652
    },
    "levels": {
      "trend_reference": 4069.0,
      "fair_value_reference": 4890.128205,
      "structural_low": 3680.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": -0.01086,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.026562,
        "regime_survival": 0.428571,
        "best_return": 0.063456,
        "worst_return": -0.069533,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.034183,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.08826,
        "regime_survival": 0.0,
        "best_return": -0.004115,
        "worst_return": -0.130317,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.107264,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.183424,
        "regime_survival": 0.0,
        "best_return": -0.007246,
        "worst_return": -0.175566,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.180034,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.144412,
        "regime_survival": 0.333333,
        "best_return": -0.056361,
        "worst_return": -0.185185,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-06",
        "end": "2024-10-04",
        "tenure": "Developing",
        "return": -0.01086,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-11",
        "end": "2024-10-18",
        "tenure": "New",
        "return": -0.02809,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-25",
        "end": "2024-11-01",
        "tenure": "New",
        "return": 0.010934,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-08",
        "end": "2024-11-15",
        "tenure": "New",
        "return": -0.017893,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-04-18",
        "tenure": "Established",
        "return": -0.047764,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.051198,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
        "return": 0.04321,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": -0.045908,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-25",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.056065,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-03",
        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.028723,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-24",
        "end": "2026-02-20",
        "tenure": "Established",
        "return": -0.030235,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-27",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.074201,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
        "end": "2026-07-31",
        "tenure": "Established",
        "return": 0.079701,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2026-04-03",
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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      {
        "date": "2026-06-12",
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      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "volume": 46796,
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        "fair_value": 4923.685897,
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        "stage": 4,
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          3913.428571,
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      },
      {
        "date": "2026-07-24",
        "close": 4100.0,
        "volume": 17955,
        "typical_volume": 77906.1,
        "trend": 4066.0,
        "fair_value": 4909.711538,
        "relative_strength": -32.985067,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -6.366753,
        "energy": 16.745732,
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      },
      {
        "date": "2026-07-31",
        "close": 4335.0,
        "volume": 63056,
        "typical_volume": 71428.25,
        "trend": 4064.833333,
        "fair_value": 4899.262821,
        "relative_strength": -26.791545,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 44.544571,
        "energy": 44.372305,
        "activity_lines": [
          4115.333333,
          3987.454545,
          3963.119048,
          3998.763441
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      },
      {
        "date": "2026-08-07",
        "close": 4400.0,
        "volume": 13267,
        "typical_volume": 68576.7,
        "trend": 4069.0,
        "fair_value": 4890.128205,
        "relative_strength": -20.334019,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.608867,
        "energy": 68.798558,
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      }
    ],
    "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."
    }
  }
}