{ "ticker": { "uuid": "4045799f-c3d9-4b23-bb7e-dbae5c93e207", "symbol": "ENGS", "name": "WisdomTree Natural Gas - EUR Daily Hedged", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "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": -81.589, "architecture_energy": 87.211, "architecture_maturity": 49.553, "architecture_confidence": 78.964, "architecture_tenure": "Established", "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": 4.86, "rotation_up": 9.25, "upward_expansion": 20.0, "deceleration": 37.16, "rotation_down": 84.03, "downward_expansion": 98.0 }, "activity_lines": [ 0.172793, 0.180793, 0.187521, 0.194552 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 0.1659, "trend_reference": 0.205937, "distance_from_trend": -0.194413, "trend_direction": "Weakening", "fair_value": 0.315204, "distance_from_fair_value": -0.473674, "fair_value_direction": "Weakening", "relative_strength": -36.79967, "relative_strength_direction": "Weakening", "price_momentum": -0.34349, "excess_performance": -0.514382, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.194413, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.091803, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.473674, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.021884, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.367997, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.026837, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.34349, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.920061, "read": "Supply-led" } ], "volume": { "latest": 456017, "relative_activity": 0.383858, "balance": 0.920061, "dry_up": 0.606306, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.068809, "annualized_volatility": 0.343739, "from_high_reference": -0.473333, "from_low_reference": 0.017791 }, "levels": { "trend_reference": 0.205937, "fair_value_reference": 0.315204, "structural_low": 0.163, "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": 34, "median_return": -0.016521, "positive_rate": 0.352941, "directional_follow_through": 0.647059, "median_excess_return": -0.032765, "regime_survival": 0.823529, "best_return": 0.309326, "worst_return": -0.309675, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.082474, "positive_rate": 0.461538, "directional_follow_through": 0.538462, "median_excess_return": -0.144129, "regime_survival": 0.769231, "best_return": 0.492439, "worst_return": -0.589145, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.122572, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.173357, "regime_survival": 0.625, "best_return": 0.704356, "worst_return": -0.695051, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.415754, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.550224, "regime_survival": 0.75, "best_return": -0.143155, "worst_return": -0.55486, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-01", "end": "2024-06-07", "tenure": "Extended", "return": -0.19391, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-14", "end": "2024-07-19", "tenure": "Developing", "return": -0.284047, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-26", "end": "2024-12-13", "tenure": "Established", "return": 0.00224, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": 0.159477, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": -0.048555, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-04-04", "tenure": "Developing", "return": 0.256453, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-06-20", "tenure": "Developing", "return": 0.040383, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": -0.075202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-11-21", "tenure": "Established", "return": -0.12516, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": -0.201821, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": 0.312435, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-06", "tenure": "New", "return": -0.167929, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-04-10", "tenure": "Developing", "return": -0.136665, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-08-07", "tenure": "Established", "return": -0.144845, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.6088, "volume": 248592, "typical_volume": 1088887.05, "trend": 0.634003, "fair_value": 1.314783, "relative_strength": -53.216736, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.873043, "energy": 8.715516, "activity_lines": [ 0.60584, 0.600087, 0.590092, 0.601665 ] }, { "date": "2023-08-25", "close": 0.5977, "volume": 1285866, "typical_volume": 1104981.5, "trend": 0.625157, "fair_value": 1.310577, "relative_strength": -52.727568, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.29785, "energy": 9.194146, "activity_lines": [ 0.60396, 0.599873, 0.591238, 0.599323 ] }, { "date": "2023-09-01", "close": 0.6084, "volume": 988272, "typical_volume": 1090542.65, "trend": 0.621087, "fair_value": 1.306533, "relative_strength": -50.556145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.245266, "energy": 10.39505, "activity_lines": [ 0.606487, 0.601665, 0.593327, 0.598242 ] }, { "date": "2023-09-08", "close": 0.5701, "volume": 978105, "typical_volume": 1058854.05, "trend": 0.61487, "fair_value": 1.302688, "relative_strength": -51.088926, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.275393, "energy": 14.883404, "activity_lines": [ 0.594893, 0.596304, 0.591615, 0.594952 ] }, { "date": "2023-09-15", "close": 0.5669, "volume": 630448, "typical_volume": 1057693.05, "trend": 0.61043, "fair_value": 1.299164, "relative_strength": -50.36042, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.973807, "energy": 21.312168, "activity_lines": [ 0.582953, 0.591256, 0.589782, 0.591857 ] }, { "date": "2023-09-22", "close": 0.549, "volume": 444074, "typical_volume": 1022087.65, "trend": 0.604197, "fair_value": 1.294929, "relative_strength": -49.449263, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.245671, "energy": 40.218707, "activity_lines": [ 0.56916, 0.583373, 0.586413, 0.587894 ] }, { "date": "2023-09-29", "close": 0.5646, "volume": 124930, "typical_volume": 983466.7, "trend": 0.59535, "fair_value": 1.291667, "relative_strength": -45.212573, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.069103, "energy": 43.150342, "activity_lines": [ 0.564553, 0.578595, 0.584498, 0.585339 ] }, { "date": "2023-10-06", "close": 0.631, "volume": 1213134, "typical_volume": 896992.4, "trend": 0.591927, "fair_value": 1.288214, "relative_strength": -35.346451, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.467637, "energy": 10.369897, "activity_lines": [ 0.584287, 0.58672, 0.588835, 0.587639 ] }, { "date": "2023-10-13", "close": 0.6327, "volume": 1342148, "typical_volume": 909822.8, "trend": 0.589933, "fair_value": 1.284671, "relative_strength": -33.598221, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.80932, "energy": 28.168494, "activity_lines": [ 0.60308, 0.594375, 0.593428, 0.59027 ] }, { "date": "2023-10-20", "close": 0.5867, "volume": 295986, "typical_volume": 836833.3, "trend": 0.587777, "fair_value": 1.280953, "relative_strength": -34.542238, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.996481, "energy": 20.758735, "activity_lines": [ 0.602367, 0.592724, 0.593296, 0.590061 ] }, { "date": "2023-10-27", "close": 0.6307, "volume": 879636, "typical_volume": 780029.9, "trend": 0.588373, "fair_value": 1.277374, "relative_strength": -27.417393, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.502944, "energy": 36.207682, "activity_lines": [ 0.615, 0.599835, 0.597018, 0.592831 ] }, { "date": "2023-11-03", "close": 0.6297, "volume": 376885, "typical_volume": 724324.4, "trend": 0.58997, "fair_value": 1.274644, "relative_strength": -28.697455, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.938895, "energy": 50.084903, "activity_lines": [ 0.621853, 0.606365, 0.600196, 0.595497 ] }, { "date": "2023-11-10", "close": 0.549, "volume": 1101230, "typical_volume": 735632.4, "trend": 0.589063, "fair_value": 1.271105, "relative_strength": -35.268957, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 12.141359, "energy": 5.514308, "activity_lines": [ 0.597467, 0.597642, 0.595552, 0.592854 ] }, { "date": "2023-11-17", "close": 0.5157, "volume": 941196, "typical_volume": 715529.2, "trend": 0.585963, "fair_value": 1.268238, "relative_strength": -38.995969, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -37.822469, "energy": 31.25815, "activity_lines": [ 0.567447, 0.583944, 0.58797, 0.58812 ] }, { "date": "2023-11-24", "close": 0.4981, "volume": 546065, "typical_volume": 736699.75, "trend": 0.582487, "fair_value": 1.265031, "relative_strength": -38.123552, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.009223, "energy": 66.445767, "activity_lines": [ 0.53936, 0.568035, 0.579205, 0.582452 ] }, { "date": "2023-12-01", "close": 0.4729, "volume": 447525, "typical_volume": 739502.65, "trend": 0.580177, "fair_value": 1.262301, "relative_strength": -39.801103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.378074, "energy": 80.887973, "activity_lines": [ 0.50878, 0.548795, 0.568477, 0.575382 ] }, { "date": "2023-12-08", "close": 0.4306, "volume": 702619, "typical_volume": 731796.1, "trend": 0.576213, "fair_value": 1.259273, "relative_strength": -43.758061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.588906, "energy": 89.845709, "activity_lines": [ 0.47462, 0.523247, 0.554154, 0.565732 ] }, { "date": "2023-12-15", "close": 0.4168, "volume": 1095460, "typical_volume": 779892.85, "trend": 0.56841, "fair_value": 1.256015, "relative_strength": -42.953384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.442329, "energy": 91.950531, "activity_lines": [ 0.449133, 0.497627, 0.539372, 0.555447 ] }, { "date": "2023-12-22", "close": 0.4121, "volume": 631728, "typical_volume": 783905.8, "trend": 0.56347, "fair_value": 1.252763, "relative_strength": -41.512026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.129288, "energy": 91.00442, "activity_lines": [ 0.430893, 0.475047, 0.524958, 0.545362 ] }, { "date": "2023-12-29", "close": 0.4289, "volume": 135936, "typical_volume": 720491.75, "trend": 0.560563, "fair_value": 1.25014, "relative_strength": -37.130807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.568876, "energy": 86.295272, "activity_lines": [ 0.42516, 0.459533, 0.512948, 0.53668 ] }, { "date": "2024-01-05", "close": 0.4563, "volume": 311868, "typical_volume": 723655.55, "trend": 0.55789, "fair_value": 1.247203, "relative_strength": -31.776868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.504148, "energy": 74.830486, "activity_lines": [ 0.433173, 0.451869, 0.504499, 0.529954 ] }, { "date": "2024-01-12", "close": 0.467, "volume": 4310360, "typical_volume": 874880.25, "trend": 0.55342, "fair_value": 1.244266, "relative_strength": -28.786991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.607022, "energy": 54.36158, "activity_lines": [ 0.44586, 0.449322, 0.497794, 0.52409 ] }, { "date": "2024-01-19", "close": 0.4083, "volume": 1143605, "typical_volume": 882646.9, "trend": 0.5471, "fair_value": 1.241444, "relative_strength": -35.981347, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.227556, "energy": 55.820618, "activity_lines": [ 0.436553, 0.43906, 0.486122, 0.514727 ] }, { "date": "2024-01-26", "close": 0.3842, "volume": 2747550, "typical_volume": 971119.15, "trend": 0.53926, "fair_value": 1.238083, "relative_strength": -38.831232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.255486, "energy": 60.240303, "activity_lines": [ 0.41978, 0.426975, 0.473107, 0.504218 ] }, { "date": "2024-02-02", "close": 0.3788, "volume": 1988456, "typical_volume": 1039019.55, "trend": 0.532223, "fair_value": 1.23389, "relative_strength": -39.525555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.823923, "energy": 64.82864, "activity_lines": [ 0.403067, 0.416298, 0.460463, 0.493865 ] }, { "date": "2024-02-09", "close": 0.3381, "volume": 1034888, "typical_volume": 1068560.25, "trend": 0.5247, "fair_value": 1.229681, "relative_strength": -45.920353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.564888, "energy": 92.128398, "activity_lines": [ 0.376127, 0.400391, 0.444839, 0.481341 ] }, { "date": "2024-02-16", "close": 0.3056, "volume": 2763276, "typical_volume": 1200477.55, "trend": 0.514543, "fair_value": 1.224991, "relative_strength": -51.277787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.711497, "energy": 95.006574, "activity_lines": [ 0.346233, 0.381025, 0.427124, 0.467206 ] }, { "date": "2024-02-23", "close": 0.3135, "volume": 2309034, "typical_volume": 1255272.55, "trend": 0.50539, "fair_value": 1.220888, "relative_strength": -50.650171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.969461, "energy": 91.515027, "activity_lines": [ 0.329733, 0.365369, 0.411394, 0.454235 ] }, { "date": "2024-03-01", "close": 0.3325, "volume": 2795943, "typical_volume": 1327962.3, "trend": 0.49711, "fair_value": 1.216976, "relative_strength": -46.994117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.000829, "energy": 86.519559, "activity_lines": [ 0.325887, 0.355045, 0.398986, 0.443081 ] }, { "date": "2024-03-08", "close": 0.3248, "volume": 2351691, "typical_volume": 1430747.55, "trend": 0.486983, "fair_value": 1.213123, "relative_strength": -48.04956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.376532, "energy": 74.714166, "activity_lines": [ 0.32292, 0.344769, 0.387274, 0.431964 ] }, { "date": "2024-03-15", "close": 0.3091, "volume": 1308545, "typical_volume": 1452193.0, "trend": 0.476993, "fair_value": 1.209497, "relative_strength": -50.421765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.683917, "energy": 67.2699, "activity_lines": [ 0.31832, 0.333531, 0.375314, 0.420488 ] }, { "date": "2024-03-22", "close": 0.3061, "volume": 567717, "typical_volume": 1461734.6, "trend": 0.467273, "fair_value": 1.205708, "relative_strength": -50.641033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.020308, "energy": 66.060095, "activity_lines": [ 0.314653, 0.324424, 0.3646, 0.409463 ] }, { "date": "2024-03-29", "close": 0.292, "volume": 601609, "typical_volume": 1436753.55, "trend": 0.456727, "fair_value": 1.201756, "relative_strength": -52.750336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.537262, "energy": 67.307735, "activity_lines": [ 0.306253, 0.315678, 0.354084, 0.398155 ] }, { "date": "2024-04-05", "close": 0.3048, "volume": 1294785, "typical_volume": 1454433.0, "trend": 0.447883, "fair_value": 1.198112, "relative_strength": -48.921629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.628979, "energy": 63.034069, "activity_lines": [ 0.303553, 0.311375, 0.34601, 0.388353 ] }, { "date": "2024-04-12", "close": 0.3058, "volume": 986387, "typical_volume": 1476449.1, "trend": 0.43918, "fair_value": 1.194226, "relative_strength": -47.713446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.967795, "energy": 61.631149, "activity_lines": [ 0.303033, 0.308696, 0.339037, 0.379186 ] }, { "date": "2024-04-19", "close": 0.3021, "volume": 450176, "typical_volume": 1476581.65, "trend": 0.43095, "fair_value": 1.190154, "relative_strength": -47.831861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.394562, "energy": 61.485104, "activity_lines": [ 0.302547, 0.306673, 0.332626, 0.370342 ] }, { "date": "2024-04-26", "close": 0.3018, "volume": 922602, "typical_volume": 1487580.8, "trend": 0.42219, "fair_value": 1.18599, "relative_strength": -47.589497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.386013, "energy": 57.815361, "activity_lines": [ 0.302427, 0.305249, 0.327, 0.36201 ] }, { "date": "2024-05-03", "close": 0.3125, "volume": 1590983, "typical_volume": 1512356.95, "trend": 0.411573, "fair_value": 1.181825, "relative_strength": -44.055212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.515347, "energy": 47.26894, "activity_lines": [ 0.30616, 0.30584, 0.323007, 0.354933 ] }, { "date": "2024-05-10", "close": 0.3299, "volume": 2102027, "typical_volume": 1585871.9, "trend": 0.40148, "fair_value": 1.17772, "relative_strength": -41.981732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.706475, "energy": 38.953167, "activity_lines": [ 0.314327, 0.309613, 0.321168, 0.349664 ] }, { "date": "2024-05-17", "close": 0.3617, "volume": 2014942, "typical_volume": 1679822.2, "trend": 0.39398, "fair_value": 1.173898, "relative_strength": -36.726208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.757513, "energy": 18.939136, "activity_lines": [ 0.33142, 0.319215, 0.322748, 0.347098 ] }, { "date": "2024-05-24", "close": 0.375, "volume": 4448177, "typical_volume": 1886637.65, "trend": 0.385457, "fair_value": 1.170072, "relative_strength": -31.852749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.608609, "energy": 24.983201, "activity_lines": [ 0.34922, 0.330564, 0.325915, 0.345873 ] }, { "date": "2024-05-31", "close": 0.3351, "volume": 858240, "typical_volume": 1714031.65, "trend": 0.375637, "fair_value": 1.165947, "relative_strength": -38.411153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.337243, "energy": 23.639396, "activity_lines": [ 0.34886, 0.33346, 0.32567, 0.342624 ] }, { "date": "2024-06-07", "close": 0.3812, "volume": 5504998, "typical_volume": 1932101.3, "trend": 0.370043, "fair_value": 1.161645, "relative_strength": -29.525845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.272241, "energy": 33.764553, "activity_lines": [ 0.361647, 0.344211, 0.330442, 0.342983 ] }, { "date": "2024-06-14", "close": 0.3855, "volume": 3552061, "typical_volume": 1972326.85, "trend": 0.365703, "fair_value": 1.15741, "relative_strength": -23.456393, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.339724, "energy": 49.638853, "activity_lines": [ 0.371287, 0.354122, 0.335754, 0.34398 ] }, { "date": "2024-06-21", "close": 0.3659, "volume": 753195, "typical_volume": 1910563.8, "trend": 0.361297, "fair_value": 1.152573, "relative_strength": -27.762697, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.869794, "energy": 40.09019, "activity_lines": [ 0.370687, 0.359002, 0.339192, 0.343993 ] }, { "date": "2024-06-28", "close": 0.3412, "volume": 1452860, "typical_volume": 1931462.4, "trend": 0.356907, "fair_value": 1.147267, "relative_strength": -31.312262, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.16375, "energy": 25.206593, "activity_lines": [ 0.361573, 0.358298, 0.34034, 0.342697 ] }, { "date": "2024-07-05", "close": 0.3102, "volume": 2127288, "typical_volume": 1899663.0, "trend": 0.352893, "fair_value": 1.141672, "relative_strength": -38.123541, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -40.534503, "energy": 19.274274, "activity_lines": [ 0.34438, 0.351247, 0.33852, 0.339683 ] }, { "date": "2024-07-12", "close": 0.3027, "volume": 3459500, "typical_volume": 1957186.3, "trend": 0.34909, "fair_value": 1.136131, "relative_strength": -39.798152, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -51.552484, "energy": 36.896203, "activity_lines": [ 0.326347, 0.34268, 0.335965, 0.336445 ] }, { "date": "2024-07-19", "close": 0.276, "volume": 5342827, "typical_volume": 2084530.5, "trend": 0.344553, "fair_value": 1.129647, "relative_strength": -43.545813, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -74.24184, "energy": 53.5376, "activity_lines": [ 0.304647, 0.329436, 0.330918, 0.331729 ] }, { "date": "2024-07-26", "close": 0.2678, "volume": 7208282, "typical_volume": 2327360.05, "trend": 0.339183, "fair_value": 1.123375, "relative_strength": -43.657437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.978633, "energy": 74.895154, "activity_lines": [ 0.287513, 0.315682, 0.325359, 0.326778 ] }, { "date": "2024-08-02", "close": 0.2575, "volume": 9719910, "typical_volume": 2747928.3, "trend": 0.332557, "fair_value": 1.116477, "relative_strength": -41.813316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.645314, "energy": 81.662232, "activity_lines": [ 0.273487, 0.301762, 0.31909, 0.321508 ] }, { "date": "2024-08-09", "close": 0.2789, "volume": 2260118, "typical_volume": 2832548.35, "trend": 0.326287, "fair_value": 1.11019, "relative_strength": -35.296199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.931865, "energy": 74.918748, "activity_lines": [ 0.272173, 0.293869, 0.315105, 0.318046 ] }, { "date": "2024-08-16", "close": 0.2715, "volume": 165704, "typical_volume": 2810753.1, "trend": 0.321727, "fair_value": 1.103949, "relative_strength": -38.211683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.344629, "energy": 70.774535, "activity_lines": [ 0.27048, 0.285653, 0.310545, 0.314511 ] }, { "date": "2024-08-23", "close": 0.2631, "volume": 2366734, "typical_volume": 2864350.55, "trend": 0.31769, "fair_value": 1.096837, "relative_strength": -40.047887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.09828, "energy": 64.506975, "activity_lines": [ 0.268067, 0.277904, 0.305283, 0.310729 ] }, { "date": "2024-08-30", "close": 0.2593, "volume": 255151, "typical_volume": 2827788.75, "trend": 0.313707, "fair_value": 1.089015, "relative_strength": -40.964701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.610117, "energy": 57.093483, "activity_lines": [ 0.265247, 0.271689, 0.299857, 0.306962 ] }, { "date": "2024-09-06", "close": 0.2637, "volume": 341620, "typical_volume": 2822360.95, "trend": 0.311227, "fair_value": 1.080669, "relative_strength": -36.845308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.385285, "energy": 62.392822, "activity_lines": [ 0.26446, 0.268213, 0.295072, 0.303736 ] }, { "date": "2024-09-13", "close": 0.2664, "volume": 220210, "typical_volume": 2787241.35, "trend": 0.30992, "fair_value": 1.071815, "relative_strength": -35.571008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.645681, "energy": 57.425175, "activity_lines": [ 0.26416, 0.266636, 0.290727, 0.300844 ] }, { "date": "2024-09-20", "close": 0.2702, "volume": 944317, "typical_volume": 2754908.05, "trend": 0.308477, "fair_value": 1.063239, "relative_strength": -33.870222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.885252, "energy": 46.026025, "activity_lines": [ 0.26596, 0.266547, 0.286912, 0.298281 ] }, { "date": "2024-09-27", "close": 0.2965, "volume": 1378350, "typical_volume": 2718724.2, "trend": 0.307277, "fair_value": 1.053917, "relative_strength": -28.142214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.455962, "energy": 29.026305, "activity_lines": [ 0.276613, 0.271831, 0.285803, 0.297508 ] }, { "date": "2024-10-04", "close": 0.2931, "volume": 674816, "typical_volume": 2651717.9, "trend": 0.30622, "fair_value": 1.044538, "relative_strength": -24.872563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.921133, "energy": 24.424297, "activity_lines": [ 0.283907, 0.276124, 0.28453, 0.296594 ] }, { "date": "2024-10-11", "close": 0.2691, "volume": 532065, "typical_volume": 2455912.3, "trend": 0.304887, "fair_value": 1.035121, "relative_strength": -30.790721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.421241, "energy": 25.84857, "activity_lines": [ 0.280947, 0.275593, 0.281298, 0.294199 ] }, { "date": "2024-10-18", "close": 0.2483, "volume": 883835, "typical_volume": 2457192.05, "trend": 0.30296, "fair_value": 1.02614, "relative_strength": -36.207595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.767703, "energy": 36.550647, "activity_lines": [ 0.270693, 0.271069, 0.276589, 0.290548 ] }, { "date": "2024-10-25", "close": 0.2657, "volume": 525364, "typical_volume": 2208210.35, "trend": 0.302083, "fair_value": 1.017023, "relative_strength": -28.985909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.927568, "energy": 40.59982, "activity_lines": [ 0.267447, 0.270265, 0.27395, 0.288144 ] }, { "date": "2024-11-01", "close": 0.2389, "volume": 1632016, "typical_volume": 2112208.1, "trend": 0.299887, "fair_value": 1.007596, "relative_strength": -34.191963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.330685, "energy": 75.042438, "activity_lines": [ 0.255567, 0.264695, 0.269309, 0.284068 ] }, { "date": "2024-11-08", "close": 0.241, "volume": 1851448, "typical_volume": 2167120.75, "trend": 0.297727, "fair_value": 0.999606, "relative_strength": -30.375326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.494852, "energy": 82.282488, "activity_lines": [ 0.248227, 0.259945, 0.265566, 0.280269 ] }, { "date": "2024-11-15", "close": 0.2479, "volume": 1290108, "typical_volume": 2158983.15, "trend": 0.29592, "fair_value": 0.99166, "relative_strength": -27.778991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.185518, "energy": 74.793327, "activity_lines": [ 0.24666, 0.256784, 0.263075, 0.277054 ] }, { "date": "2024-11-22", "close": 0.2664, "volume": 9622869, "typical_volume": 2533762.2, "trend": 0.29474, "fair_value": 0.983363, "relative_strength": -19.389165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.048394, "energy": 48.719378, "activity_lines": [ 0.252673, 0.257273, 0.26279, 0.27515 ] }, { "date": "2024-11-29", "close": 0.2701, "volume": 752720, "typical_volume": 2398423.2, "trend": 0.293327, "fair_value": 0.977139, "relative_strength": -16.822632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.660034, "energy": 27.619342, "activity_lines": [ 0.258713, 0.258435, 0.263067, 0.27356 ] }, { "date": "2024-12-06", "close": 0.2513, "volume": 8466274, "typical_volume": 2554595.55, "trend": 0.290707, "fair_value": 0.971436, "relative_strength": -24.550298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.195804, "energy": 23.685027, "activity_lines": [ 0.258193, 0.25618, 0.261708, 0.270849 ] }, { "date": "2024-12-13", "close": 0.2684, "volume": 1423307, "typical_volume": 2265346.8, "trend": 0.287597, "fair_value": 0.965938, "relative_strength": -18.754447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.604805, "energy": 18.623877, "activity_lines": [ 0.262547, 0.257856, 0.262095, 0.269409 ] }, { "date": "2024-12-20", "close": 0.2828, "volume": 2582505, "typical_volume": 1908476.55, "trend": 0.284523, "fair_value": 0.960779, "relative_strength": -10.604054, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.144068, "energy": 12.447628, "activity_lines": [ 0.269873, 0.2626, 0.26385, 0.2691 ] }, { "date": "2024-12-27", "close": 0.287, "volume": 220316, "typical_volume": 1806486.45, "trend": 0.28292, "fair_value": 0.955681, "relative_strength": -9.258242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.792983, "energy": 11.884509, "activity_lines": [ 0.276273, 0.267858, 0.265886, 0.26926 ] }, { "date": "2025-01-03", "close": 0.2913, "volume": 6798456, "typical_volume": 2138124.05, "trend": 0.279923, "fair_value": 0.950125, "relative_strength": -6.556966, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.310873, "energy": 25.207989, "activity_lines": [ 0.282733, 0.273195, 0.268292, 0.2698 ] }, { "date": "2025-01-10", "close": 0.3279, "volume": 7553493, "typical_volume": 2397462.0, "trend": 0.278003, "fair_value": 0.944332, "relative_strength": 3.604608, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 52.057881, "energy": 60.622798, "activity_lines": [ 0.29998, 0.28472, 0.27409, 0.272896 ] }, { "date": "2025-01-17", "close": 0.346, "volume": 2696032, "typical_volume": 2519506.05, "trend": 0.27734, "fair_value": 0.939181, "relative_strength": 6.669292, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 57.816892, "energy": 73.606412, "activity_lines": [ 0.318153, 0.297918, 0.281302, 0.277283 ] }, { "date": "2025-01-24", "close": 0.3292, "volume": 1182121, "typical_volume": 2561531.1, "trend": 0.27694, "fair_value": 0.93205, "relative_strength": 2.460632, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 70.139145, "energy": 79.991581, "activity_lines": [ 0.325553, 0.306153, 0.286502, 0.280628 ] }, { "date": "2025-01-31", "close": 0.2983, "volume": 1612231, "typical_volume": 2631132.15, "trend": 0.276543, "fair_value": 0.924529, "relative_strength": -7.009869, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.184974, "energy": 72.421096, "activity_lines": [ 0.31956, 0.307291, 0.288448, 0.282006 ] }, { "date": "2025-02-07", "close": 0.3271, "volume": 1803504, "typical_volume": 2674091.5, "trend": 0.277357, "fair_value": 0.918894, "relative_strength": 0.807306, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.308948, "energy": 60.12333, "activity_lines": [ 0.322413, 0.313085, 0.292984, 0.285268 ] }, { "date": "2025-02-14", "close": 0.3621, "volume": 3144531, "typical_volume": 2762400.55, "trend": 0.280227, "fair_value": 0.912317, "relative_strength": 8.9076, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.63488, "energy": 55.907408, "activity_lines": [ 0.334547, 0.324207, 0.300582, 0.290735 ] }, { "date": "2025-02-21", "close": 0.407, "volume": 4692787, "typical_volume": 2963299.1, "trend": 0.284867, "fair_value": 0.906152, "relative_strength": 20.733713, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.755829, "energy": 75.378464, "activity_lines": [ 0.359367, 0.341478, 0.312145, 0.298914 ] }, { "date": "2025-02-28", "close": 0.3755, "volume": 841581, "typical_volume": 2978774.9, "trend": 0.2888, "fair_value": 0.898833, "relative_strength": 10.807886, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.674018, "energy": 81.167519, "activity_lines": [ 0.36962, 0.350502, 0.320165, 0.304762 ] }, { "date": "2025-03-07", "close": 0.41, "volume": 3683250, "typical_volume": 3118745.65, "trend": 0.29317, "fair_value": 0.892032, "relative_strength": 20.944151, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.363603, "energy": 88.039172, "activity_lines": [ 0.388287, 0.364113, 0.330964, 0.312581 ] }, { "date": "2025-03-14", "close": 0.3934, "volume": 2165747, "typical_volume": 3200764.8, "trend": 0.297233, "fair_value": 0.884849, "relative_strength": 15.590488, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.328501, "energy": 77.686559, "activity_lines": [ 0.393973, 0.372469, 0.339412, 0.319048 ] }, { "date": "2025-03-21", "close": 0.3875, "volume": 394176, "typical_volume": 3138872.8, "trend": 0.30138, "fair_value": 0.876454, "relative_strength": 12.49651, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.405257, "energy": 56.378182, "activity_lines": [ 0.393273, 0.377896, 0.34669, 0.324871 ] }, { "date": "2025-03-28", "close": 0.3821, "volume": 576328, "typical_volume": 3075116.8, "trend": 0.305473, "fair_value": 0.867601, "relative_strength": 11.424597, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.636563, "energy": 51.355387, "activity_lines": [ 0.38908, 0.381258, 0.352746, 0.330079 ] }, { "date": "2025-04-04", "close": 0.3748, "volume": 744704, "typical_volume": 3047846.6, "trend": 0.309177, "fair_value": 0.857574, "relative_strength": 21.706689, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.977508, "energy": 42.210661, "activity_lines": [ 0.384113, 0.382636, 0.357435, 0.334552 ] }, { "date": "2025-04-11", "close": 0.3343, "volume": 1150901, "typical_volume": 2624248.2, "trend": 0.31144, "fair_value": 0.845599, "relative_strength": 10.353246, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.907753, "energy": 23.337841, "activity_lines": [ 0.365693, 0.375822, 0.357663, 0.336172 ] }, { "date": "2025-04-18", "close": 0.3279, "volume": 693966, "typical_volume": 2621310.5, "trend": 0.313363, "fair_value": 0.834457, "relative_strength": 2.322381, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.881196, "energy": 20.020548, "activity_lines": [ 0.350187, 0.367189, 0.356958, 0.337234 ] }, { "date": "2025-04-25", "close": 0.3032, "volume": 197435, "typical_volume": 2207868.55, "trend": 0.313587, "fair_value": 0.822609, "relative_strength": -8.714255, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.148397, "energy": 18.519117, "activity_lines": [ 0.330813, 0.354051, 0.353625, 0.336579 ] }, { "date": "2025-05-02", "close": 0.3237, "volume": 376594, "typical_volume": 2155532.9, "trend": 0.314607, "fair_value": 0.808504, "relative_strength": -4.859841, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.461069, "energy": 22.556198, "activity_lines": [ 0.323893, 0.345711, 0.351997, 0.337231 ] }, { "date": "2025-05-09", "close": 0.3633, "volume": 535467, "typical_volume": 2053181.0, "trend": 0.317747, "fair_value": 0.796122, "relative_strength": 4.01868, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.319538, "energy": 19.178286, "activity_lines": [ 0.334067, 0.346085, 0.353878, 0.340373 ] }, { "date": "2025-05-16", "close": 0.3308, "volume": 103488, "typical_volume": 2047339.6, "trend": 0.320497, "fair_value": 0.782521, "relative_strength": -7.866831, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.696866, "energy": 12.903422, "activity_lines": [ 0.334173, 0.340773, 0.35228, 0.341215 ] }, { "date": "2025-05-23", "close": 0.3283, "volume": 351108, "typical_volume": 1724972.2, "trend": 0.322583, "fair_value": 0.768007, "relative_strength": -5.300512, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.805958, "energy": 7.565721, "activity_lines": [ 0.33368, 0.336445, 0.350235, 0.341718 ] }, { "date": "2025-05-30", "close": 0.3062, "volume": 333188, "typical_volume": 1363956.95, "trend": 0.324827, "fair_value": 0.753646, "relative_strength": -12.626414, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.221719, "energy": 11.208176, "activity_lines": [ 0.325793, 0.329284, 0.345909, 0.340661 ] }, { "date": "2025-06-06", "close": 0.3289, "volume": 115882, "typical_volume": 1234949.45, "trend": 0.327757, "fair_value": 0.738998, "relative_strength": -6.745001, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.392033, "energy": 20.362263, "activity_lines": [ 0.325273, 0.327727, 0.343849, 0.340924 ] }, { "date": "2025-06-13", "close": 0.3177, "volume": 162632, "typical_volume": 1183975.0, "trend": 0.330083, "fair_value": 0.727323, "relative_strength": -6.488758, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.879825, "energy": 30.676815, "activity_lines": [ 0.320673, 0.325102, 0.340803, 0.340275 ] }, { "date": "2025-06-20", "close": 0.3478, "volume": 819872, "typical_volume": 1144357.05, "trend": 0.332797, "fair_value": 0.717459, "relative_strength": 3.402858, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -7.989152, "energy": 11.433271, "activity_lines": [ 0.329147, 0.328987, 0.340679, 0.341418 ] }, { "date": "2025-06-27", "close": 0.3218, "volume": 1188187, "typical_volume": 1113591.2, "trend": 0.33452, "fair_value": 0.708413, "relative_strength": -5.090147, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.091339, "energy": 13.572787, "activity_lines": [ 0.32782, 0.3279, 0.337842, 0.340709 ] }, { "date": "2025-07-04", "close": 0.2958, "volume": 567287, "typical_volume": 984729.0, "trend": 0.336003, "fair_value": 0.698692, "relative_strength": -12.16532, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.293415, "energy": 27.005622, "activity_lines": [ 0.31826, 0.322196, 0.332555, 0.338211 ] }, { "date": "2025-07-11", "close": 0.2976, "volume": 1979687, "typical_volume": 849074.0, "trend": 0.336977, "fair_value": 0.687928, "relative_strength": -12.373017, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.641605, "energy": 45.359986, "activity_lines": [ 0.309993, 0.316955, 0.327755, 0.335733 ] }, { "date": "2025-07-18", "close": 0.3124, "volume": 627419, "typical_volume": 838365.9, "trend": 0.337963, "fair_value": 0.674315, "relative_strength": -8.483364, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.095243, "energy": 54.298181, "activity_lines": [ 0.308747, 0.314878, 0.324886, 0.334148 ] }, { "date": "2025-07-25", "close": 0.2766, "volume": 1068425, "typical_volume": 707624.65, "trend": 0.337617, "fair_value": 0.660338, "relative_strength": -19.588479, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.095281, "energy": 69.53995, "activity_lines": [ 0.29592, 0.307218, 0.318907, 0.330189 ] }, { "date": "2025-08-01", "close": 0.2695, "volume": 818881, "typical_volume": 640281.35, "trend": 0.33689, "fair_value": 0.646479, "relative_strength": -19.880478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.767846, "energy": 74.052523, "activity_lines": [ 0.285473, 0.299253, 0.312888, 0.325794 ] }, { "date": "2025-08-08", "close": 0.2623, "volume": 710892, "typical_volume": 656117.15, "trend": 0.334703, "fair_value": 0.631456, "relative_strength": -24.745056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.412685, "energy": 77.917976, "activity_lines": [ 0.276113, 0.291047, 0.306772, 0.320982 ] }, { "date": "2025-08-15", "close": 0.2453, "volume": 7455161, "typical_volume": 1000058.8, "trend": 0.331347, "fair_value": 0.615371, "relative_strength": -30.930706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.983767, "energy": 86.787382, "activity_lines": [ 0.26332, 0.280549, 0.299634, 0.315214 ] }, { "date": "2025-08-22", "close": 0.2358, "volume": 787169, "typical_volume": 1002182.05, "trend": 0.328233, "fair_value": 0.59894, "relative_strength": -34.250732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.297181, "energy": 90.508966, "activity_lines": [ 0.250847, 0.269844, 0.292243, 0.309049 ] }, { "date": "2025-08-29", "close": 0.2455, "volume": 2240755, "typical_volume": 1056674.75, "trend": 0.326473, "fair_value": 0.583835, "relative_strength": -29.456099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.666864, "energy": 86.431386, "activity_lines": [ 0.246713, 0.262391, 0.286437, 0.303712 ] }, { "date": "2025-09-05", "close": 0.2493, "volume": 2014479, "typical_volume": 1122700.4, "trend": 0.32388, "fair_value": 0.570314, "relative_strength": -27.023515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.932614, "energy": 83.060161, "activity_lines": [ 0.24592, 0.257489, 0.281416, 0.298733 ] }, { "date": "2025-09-12", "close": 0.2415, "volume": 693315, "typical_volume": 1147494.4, "trend": 0.31986, "fair_value": 0.556103, "relative_strength": -30.52965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.60043, "energy": 71.458632, "activity_lines": [ 0.243873, 0.252487, 0.276027, 0.293418 ] }, { "date": "2025-09-19", "close": 0.238, "volume": 2233822, "typical_volume": 1240355.8, "trend": 0.314227, "fair_value": 0.544372, "relative_strength": -30.737608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.110274, "energy": 62.949994, "activity_lines": [ 0.242047, 0.247836, 0.270598, 0.288137 ] }, { "date": "2025-09-26", "close": 0.2375, "volume": 862926, "typical_volume": 1256728.75, "trend": 0.309627, "fair_value": 0.532804, "relative_strength": -30.938908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.610615, "energy": 63.872818, "activity_lines": [ 0.24054, 0.244178, 0.265529, 0.283187 ] }, { "date": "2025-10-03", "close": 0.2501, "volume": 1476523, "typical_volume": 1325380.5, "trend": 0.304297, "fair_value": 0.521649, "relative_strength": -27.797148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.140711, "energy": 56.6749, "activity_lines": [ 0.24312, 0.244173, 0.26226, 0.279346 ] }, { "date": "2025-10-10", "close": 0.2383, "volume": 1074960, "typical_volume": 1361573.1, "trend": 0.299127, "fair_value": 0.51076, "relative_strength": -28.852168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.059298, "energy": 54.668589, "activity_lines": [ 0.24146, 0.242504, 0.25825, 0.275088 ] }, { "date": "2025-10-17", "close": 0.2306, "volume": 1510342, "typical_volume": 1420430.8, "trend": 0.293897, "fair_value": 0.50222, "relative_strength": -30.415795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.326027, "energy": 56.392082, "activity_lines": [ 0.237967, 0.240002, 0.253937, 0.270667 ] }, { "date": "2025-10-24", "close": 0.24553, "volume": 1122696, "typical_volume": 1470771.5, "trend": 0.289344, "fair_value": 0.493557, "relative_strength": -26.851932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.100393, "energy": 48.126398, "activity_lines": [ 0.240177, 0.240791, 0.251405, 0.267547 ] }, { "date": "2025-10-31", "close": 0.2483, "volume": 912340, "typical_volume": 1508256.9, "trend": 0.285128, "fair_value": 0.483751, "relative_strength": -27.003179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.84574, "energy": 40.078778, "activity_lines": [ 0.242808, 0.242079, 0.249534, 0.264899 ] }, { "date": "2025-11-07", "close": 0.2626, "volume": 3215532, "typical_volume": 1628039.9, "trend": 0.282738, "fair_value": 0.473907, "relative_strength": -22.145334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.652648, "energy": 26.905677, "activity_lines": [ 0.249486, 0.245741, 0.249355, 0.263445 ] }, { "date": "2025-11-14", "close": 0.2677, "volume": 2603630, "typical_volume": 1698812.05, "trend": 0.280731, "fair_value": 0.463839, "relative_strength": -22.354776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.460861, "energy": 20.841718, "activity_lines": [ 0.257031, 0.250018, 0.250068, 0.262475 ] }, { "date": "2025-11-21", "close": 0.2733, "volume": 761005, "typical_volume": 1708497.95, "trend": 0.279734, "fair_value": 0.452139, "relative_strength": -17.942133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.921995, "energy": 20.628173, "activity_lines": [ 0.264482, 0.25498, 0.251571, 0.261996 ] }, { "date": "2025-11-28", "close": 0.2745, "volume": 842293, "typical_volume": 1651628.25, "trend": 0.278094, "fair_value": 0.442356, "relative_strength": -18.551458, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.747427, "energy": 26.121706, "activity_lines": [ 0.269487, 0.259581, 0.253296, 0.261658 ] }, { "date": "2025-12-05", "close": 0.3104, "volume": 3481942, "typical_volume": 1794354.4, "trend": 0.276331, "fair_value": 0.433509, "relative_strength": -8.041171, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.822722, "energy": 58.258095, "activity_lines": [ 0.284527, 0.270046, 0.258551, 0.263742 ] }, { "date": "2025-12-12", "close": 0.2436, "volume": 20172141, "typical_volume": 2749540.2, "trend": 0.273424, "fair_value": 0.424087, "relative_strength": -27.590283, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.303553, "energy": 22.426821, "activity_lines": [ 0.27316, 0.26704, 0.257452, 0.261631 ] }, { "date": "2025-12-19", "close": 0.2256, "volume": 3621361, "typical_volume": 2889664.2, "trend": 0.270001, "fair_value": 0.416759, "relative_strength": -34.259268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.436733, "energy": 18.671636, "activity_lines": [ 0.25706, 0.260879, 0.254797, 0.258545 ] }, { "date": "2025-12-26", "close": 0.2249, "volume": 815645, "typical_volume": 2894901.85, "trend": 0.267291, "fair_value": 0.410232, "relative_strength": -33.682576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.20039, "energy": 33.577817, "activity_lines": [ 0.243533, 0.254822, 0.252284, 0.255636 ] }, { "date": "2026-01-02", "close": 0.2191, "volume": 1646553, "typical_volume": 2604471.45, "trend": 0.263631, "fair_value": 0.404978, "relative_strength": -35.883795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.99925, "energy": 52.478952, "activity_lines": [ 0.2313, 0.247815, 0.249397, 0.252526 ] }, { "date": "2026-01-09", "close": 0.193, "volume": 4648607, "typical_volume": 2797543.35, "trend": 0.259474, "fair_value": 0.399814, "relative_strength": -43.20477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.373128, "energy": 81.486601, "activity_lines": [ 0.21406, 0.236542, 0.244148, 0.24797 ] }, { "date": "2026-01-16", "close": 0.1876, "volume": 1267589, "typical_volume": 2748885.05, "trend": 0.254134, "fair_value": 0.394825, "relative_strength": -44.104183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.937894, "energy": 85.076594, "activity_lines": [ 0.202847, 0.225293, 0.23859, 0.243333 ] }, { "date": "2026-01-23", "close": 0.2533, "volume": 8779846, "typical_volume": 3087153.4, "trend": 0.251851, "fair_value": 0.390916, "relative_strength": -22.196046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.998668, "energy": 56.822829, "activity_lines": [ 0.217267, 0.227353, 0.239564, 0.243279 ] }, { "date": "2026-01-30", "close": 0.3037, "volume": 6979243, "typical_volume": 3401449.8, "trend": 0.252114, "fair_value": 0.38818, "relative_strength": -7.77083, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -4.940932, "energy": 4.801054, "activity_lines": [ 0.24664, 0.238838, 0.245319, 0.246624 ] }, { "date": "2026-02-06", "close": 0.2527, "volume": 8547163, "typical_volume": 3717116.85, "trend": 0.250618, "fair_value": 0.38495, "relative_strength": -23.166213, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -5.634233, "energy": 14.140264, "activity_lines": [ 0.25376, 0.240498, 0.245921, 0.246662 ] }, { "date": "2026-02-13", "close": 0.2261, "volume": 2003937, "typical_volume": 3774167.4, "trend": 0.247741, "fair_value": 0.381911, "relative_strength": -29.719852, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.196799, "energy": 19.514079, "activity_lines": [ 0.249773, 0.237718, 0.243919, 0.24508 ] }, { "date": "2026-02-20", "close": 0.2211, "volume": 1961341, "typical_volume": 3798408.3, "trend": 0.245891, "fair_value": 0.37861, "relative_strength": -31.733115, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.001515, "energy": 21.453689, "activity_lines": [ 0.241913, 0.235562, 0.241496, 0.243361 ] }, { "date": "2026-02-27", "close": 0.2105, "volume": 2024228, "typical_volume": 3845871.7, "trend": 0.243924, "fair_value": 0.374639, "relative_strength": -35.079138, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.658237, "energy": 34.650475, "activity_lines": [ 0.228287, 0.231887, 0.238201, 0.241078 ] }, { "date": "2026-03-06", "close": 0.2297, "volume": 14332911, "typical_volume": 4487000.15, "trend": 0.242838, "fair_value": 0.371409, "relative_strength": -23.083461, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.960305, "energy": 35.648295, "activity_lines": [ 0.223913, 0.231978, 0.236867, 0.24016 ] }, { "date": "2026-03-13", "close": 0.231, "volume": 6797233, "typical_volume": 4770727.0, "trend": 0.242361, "fair_value": 0.36845, "relative_strength": -21.832752, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.491766, "energy": 36.14045, "activity_lines": [ 0.224907, 0.232218, 0.235661, 0.239396 ] }, { "date": "2026-03-20", "close": 0.2217, "volume": 2210773, "typical_volume": 4835648.65, "trend": 0.241891, "fair_value": 0.365696, "relative_strength": -21.316827, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.561681, "energy": 38.246672, "activity_lines": [ 0.224247, 0.230551, 0.233639, 0.238063 ] }, { "date": "2026-03-27", "close": 0.2194, "volume": 1883427, "typical_volume": 4769043.4, "trend": 0.241021, "fair_value": 0.363174, "relative_strength": -22.002853, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.781783, "energy": 28.619147, "activity_lines": [ 0.223113, 0.227944, 0.231524, 0.236612 ] }, { "date": "2026-04-03", "close": 0.2044, "volume": 1785608, "typical_volume": 4728142.3, "trend": 0.239524, "fair_value": 0.360755, "relative_strength": -29.589215, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.14066, "energy": 36.157216, "activity_lines": [ 0.217093, 0.222031, 0.228186, 0.23425 ] }, { "date": "2026-04-10", "close": 0.1952, "volume": 2723231, "typical_volume": 4826253.6, "trend": 0.237981, "fair_value": 0.358312, "relative_strength": -34.426036, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.92594, "energy": 51.991837, "activity_lines": [ 0.208413, 0.215335, 0.224274, 0.23139 ] }, { "date": "2026-04-17", "close": 0.194, "volume": 1506293, "typical_volume": 4859453.6, "trend": 0.236514, "fair_value": 0.355654, "relative_strength": -35.488908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.749893, "energy": 59.986077, "activity_lines": [ 0.201633, 0.210393, 0.220619, 0.228553 ] }, { "date": "2026-04-24", "close": 0.186, "volume": 494737, "typical_volume": 4710093.35, "trend": 0.234798, "fair_value": 0.352985, "relative_strength": -35.728196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.562365, "energy": 72.18547, "activity_lines": [ 0.194653, 0.205064, 0.216586, 0.225294 ] }, { "date": "2026-05-01", "close": 0.1865, "volume": 598327, "typical_volume": 3731402.65, "trend": 0.232678, "fair_value": 0.350705, "relative_strength": -35.406671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.955307, "energy": 74.506153, "activity_lines": [ 0.19022, 0.200555, 0.213192, 0.222178 ] }, { "date": "2026-05-08", "close": 0.191, "volume": 2054040, "typical_volume": 3653036.6, "trend": 0.231101, "fair_value": 0.348407, "relative_strength": -34.116008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.78342, "energy": 76.040638, "activity_lines": [ 0.18948, 0.197493, 0.2105, 0.219489 ] }, { "date": "2026-05-15", "close": 0.1958, "volume": 1560995, "typical_volume": 3690304.1, "trend": 0.229941, "fair_value": 0.345489, "relative_strength": -31.288649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.825304, "energy": 72.641743, "activity_lines": [ 0.191233, 0.195658, 0.208429, 0.217211 ] }, { "date": "2026-05-22", "close": 0.1903, "volume": 745215, "typical_volume": 3645237.2, "trend": 0.2281, "fair_value": 0.343118, "relative_strength": -32.754506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.298817, "energy": 60.653014, "activity_lines": [ 0.191113, 0.19344, 0.205972, 0.214654 ] }, { "date": "2026-05-29", "close": 0.2079, "volume": 3107847, "typical_volume": 3568199.2, "trend": 0.226753, "fair_value": 0.341142, "relative_strength": -26.445476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.174564, "energy": 32.418586, "activity_lines": [ 0.197107, 0.195162, 0.20533, 0.213351 ] }, { "date": "2026-06-05", "close": 0.2034, "volume": 379353, "typical_volume": 3523787.4, "trend": 0.22478, "fair_value": 0.339007, "relative_strength": -26.827485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.332688, "energy": 25.427371, "activity_lines": [ 0.20014, 0.196316, 0.204187, 0.211844 ] }, { "date": "2026-06-12", "close": 0.1938, "volume": 450800, "typical_volume": 3107335.1, "trend": 0.222317, "fair_value": 0.336396, "relative_strength": -31.436843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.08565, "energy": 27.160835, "activity_lines": [ 0.198847, 0.196016, 0.202055, 0.209845 ] }, { "date": "2026-06-19", "close": 0.2002, "volume": 55693, "typical_volume": 2761157.6, "trend": 0.21988, "fair_value": 0.333846, "relative_strength": -29.734621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.371347, "energy": 21.236685, "activity_lines": [ 0.1995, 0.197073, 0.200816, 0.208418 ] }, { "date": "2026-06-26", "close": 0.2039, "volume": 527341, "typical_volume": 2360166.5, "trend": 0.217527, "fair_value": 0.331183, "relative_strength": -25.124452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.485446, "energy": 21.414382, "activity_lines": [ 0.201093, 0.198711, 0.200422, 0.207387 ] }, { "date": "2026-07-03", "close": 0.1944, "volume": 16000, "typical_volume": 2260769.65, "trend": 0.21366, "fair_value": 0.328648, "relative_strength": -29.750687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.520203, "energy": 29.179298, "activity_lines": [ 0.198613, 0.198442, 0.199356, 0.205895 ] }, { "date": "2026-07-10", "close": 0.1775, "volume": 2989661, "typical_volume": 2312185.65, "trend": 0.211457, "fair_value": 0.326171, "relative_strength": -34.635689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.670707, "energy": 52.150518, "activity_lines": [ 0.1914, 0.194947, 0.196831, 0.203562 ] }, { "date": "2026-07-17", "close": 0.178, "volume": 346297, "typical_volume": 2228289.1, "trend": 0.20987, "fair_value": 0.3234, "relative_strength": -32.439607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.332437, "energy": 71.704364, "activity_lines": [ 0.18608, 0.191707, 0.194562, 0.201404 ] }, { "date": "2026-07-24", "close": 0.1835, "volume": 494180, "typical_volume": 1536352.55, "trend": 0.20849, "fair_value": 0.320807, "relative_strength": -29.375459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.915347, "energy": 73.849831, "activity_lines": [ 0.183647, 0.189704, 0.192971, 0.199703 ] }, { "date": "2026-07-31", "close": 0.1696, "volume": 1584635, "typical_volume": 1275722.65, "trend": 0.20684, "fair_value": 0.31817, "relative_strength": -34.308762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.262265, "energy": 85.278317, "activity_lines": [ 0.177693, 0.185396, 0.190276, 0.197194 ] }, { "date": "2026-08-07", "close": 0.1659, "volume": 456017, "typical_volume": 1187984.85, "trend": 0.205937, "fair_value": 0.315204, "relative_strength": -36.79967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.589332, "energy": 87.210879, "activity_lines": [ 0.172793, 0.180793, 0.187521, 0.194552 ] } ], "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." } } }