{
  "ticker": {
    "uuid": "4a62d06d-4ca2-446e-8ba7-cbe6df38ee75",
    "symbol": "SSKE",
    "name": "Leverage Shares 3x Short South Korea ETC",
    "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.",
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    "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": -52.234,
    "architecture_energy": 52.298,
    "architecture_maturity": 100.0,
    "architecture_confidence": 81.998,
    "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": 32.5,
        "rotation_up": 27.98,
        "upward_expansion": 26.62,
        "deceleration": 44.54,
        "rotation_down": 38.94,
        "downward_expansion": 62.96
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
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    "latest_close": 4.985,
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    "distance_from_trend": -0.675125,
    "trend_direction": "Weakening",
    "fair_value": 410.669168,
    "distance_from_fair_value": -0.987861,
    "fair_value_direction": "Weakening",
    "relative_strength": -92.725435,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.837622,
    "excess_performance": -0.888857,
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.675125,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.622692,
        "read": "Falling"
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      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.987861,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.007097,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.927254,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.011001,
        "read": "Improving"
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      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.837622,
        "read": "Negative"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.802722,
        "read": "Demand-led"
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    ],
    "volume": {
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      "dry_up": 0.379014,
      "accumulation_observations": 3,
      "distribution_observations": 1
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      "annualized_volatility": 1.677289,
      "from_high_reference": -0.977646,
      "from_low_reference": 0.400281
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      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.921636,
        "energy": 71.256706,
        "activity_lines": [
          8.203333,
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          15.742887,
          24.656818
        ]
      },
      {
        "date": "2026-06-05",
        "close": 7.2,
        "volume": 24858,
        "typical_volume": 95850.2,
        "trend": 37.69138,
        "fair_value": 447.610418,
        "relative_strength": -93.506829,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.280491,
        "energy": 70.465123,
        "activity_lines": [
          7.451667,
          10.175455,
          14.486499,
          22.497589
        ]
      },
      {
        "date": "2026-06-12",
        "close": 4.84,
        "volume": 11132,
        "typical_volume": 70759.6,
        "trend": 35.086047,
        "fair_value": 443.702341,
        "relative_strength": -95.411818,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.455874,
        "energy": 75.989355,
        "activity_lines": [
          6.42,
          8.757727,
          13.182492,
          20.378145
        ]
      },
      {
        "date": "2026-06-19",
        "close": 3.65,
        "volume": 3410,
        "typical_volume": 68884.7,
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        "fair_value": 439.159232,
        "relative_strength": -96.292452,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.346169,
        "energy": 79.845119,
        "activity_lines": [
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          11.922105,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 4.16,
        "volume": 100,
        "typical_volume": 57678.65,
        "trend": 28.74638,
        "fair_value": 434.612181,
        "relative_strength": -95.602409,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.109482,
        "energy": 75.92005,
        "activity_lines": [
          4.664667,
          6.391727,
          10.836717,
          16.571666
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4.53,
        "volume": 36470,
        "typical_volume": 59011.7,
        "trend": 26.130713,
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        "relative_strength": -95.01359,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.175629,
        "energy": 70.324643,
        "activity_lines": [
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          15.009319
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4.925,
        "volume": 4578,
        "typical_volume": 58271.45,
        "trend": 23.46988,
        "fair_value": 426.494104,
        "relative_strength": -94.177579,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.694152,
        "energy": 65.553923,
        "activity_lines": [
          4.491,
          5.266636,
          9.120942,
          13.641208
        ]
      },
      {
        "date": "2026-07-17",
        "close": 6.375,
        "volume": 3839,
        "typical_volume": 51090.2,
        "trend": 20.88238,
        "fair_value": 422.687213,
        "relative_strength": -92.101488,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.524496,
        "energy": 77.6219,
        "activity_lines": [
          5.142333,
          5.302455,
          8.537864,
          12.538313
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.875,
        "volume": 1534,
        "typical_volume": 31219.35,
        "trend": 18.56988,
        "fair_value": 419.061412,
        "relative_strength": -92.387165,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.764884,
        "energy": 59.863238,
        "activity_lines": [
          5.524667,
          5.294182,
          7.951571,
          11.570095
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.95,
        "volume": 37747,
        "typical_volume": 30608.05,
        "trend": 16.78488,
        "fair_value": 415.099553,
        "relative_strength": -91.836787,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.04541,
        "energy": 52.034632,
        "activity_lines": [
          5.783667,
          5.363636,
          7.423333,
          10.755909
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.985,
        "volume": 2168,
        "typical_volume": 29872.25,
        "trend": 15.34438,
        "fair_value": 410.669168,
        "relative_strength": -92.725435,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.233883,
        "energy": 52.297973,
        "activity_lines": [
          5.601667,
          5.303545,
          6.891048,
          9.994626
        ]
      }
    ],
    "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."
    }
  }
}