{ "ticker": { "uuid": "5380fc80-9db1-49b6-b789-71939c8f6f79", "symbol": "SQS5", "name": "WisdomTree NASDAQ 100 5x Daily Short", "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": -68.249, "architecture_energy": 56.337, "architecture_maturity": 100.0, "architecture_confidence": 91.901, "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": 18.65, "rotation_up": 27.99, "upward_expansion": 27.0, "deceleration": 46.92, "rotation_down": 46.35, "downward_expansion": 68.0 }, "activity_lines": [ 0.387867, 0.380445, 0.417517, 0.548724 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 0.321, "trend_reference": 0.706833, "distance_from_trend": -0.545862, "trend_direction": "Weakening", "fair_value": 3.87739, "distance_from_fair_value": -0.917212, "fair_value_direction": "Weakening", "relative_strength": -68.310653, "relative_strength_direction": "Improving", "price_momentum": -0.693848, "excess_performance": -0.745084, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.545862, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.240808, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.917212, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.017642, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.683107, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.022021, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.693848, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.500291, "read": "Supply-led" } ], "volume": { "latest": 3237006, "relative_activity": 1.843819, "balance": 0.500291, "dry_up": 1.587551, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.223297, "annualized_volatility": 0.977895, "from_high_reference": -0.815517, "from_low_reference": 0.028846 }, "levels": { "trend_reference": 0.706833, "fair_value_reference": 3.87739, "structural_low": 0.312, "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": 8, "median_return": 0.087926, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.061475, "regime_survival": 0.875, "best_return": 0.371758, "worst_return": -0.37148, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.257803, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.323082, "regime_survival": 1.0, "best_return": -0.121123, "worst_return": -0.587506, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.637469, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.694323, "regime_survival": 1.0, "best_return": -0.637469, "worst_return": -0.637469, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-02-27", "tenure": "Established", "return": -0.12741, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": 0.147142, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": -0.352591, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": -0.093109, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": -0.416894, "active": true } ], "chart_path": [ { "date": "2024-05-03", "close": 17.6576, "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": "2024-05-10", "close": 13.205, "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": "2024-05-17", "close": 11.4975, "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": "2024-05-24", "close": 10.7425, "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": "2024-05-31", "close": 12.4075, "volume": 121, "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": "2024-06-07", "close": 10.1975, "volume": 489, "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": "2024-06-14", "close": 8.82125, "volume": 164, "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": "2024-06-21", "close": 8.56, "volume": 91, "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": "2024-06-28", "close": 8.30125, "volume": 142, "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": "2024-07-05", "close": 7.30625, "volume": 88, "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": "2024-07-12", "close": 6.90625, "volume": 4, "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": "2024-07-19", "close": 8.61875, "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": "2024-07-26", "close": 9.95375, "volume": 458, "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": "2024-08-02", "close": 11.415, "volume": 499, "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": "2024-08-09", "close": 11.01, "volume": 92, "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": "2024-08-16", "close": 8.1975, "volume": 300, "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": "2024-08-23", "close": 7.32125, "volume": 640, "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": "2024-08-30", "close": 8.15, "volume": 1326, "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": "2024-09-06", "close": 10.06, "volume": 132, "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": "2024-09-13", "close": 7.635, "volume": 159, "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": "2024-09-20", "close": 7.18375, "volume": 35, "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": "2024-09-27", "close": 6.49875, "volume": 63, "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": "2024-10-04", "close": 6.99, "volume": 220, "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": "2024-10-11", "close": 6.3125, "volume": 553, "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": "2024-10-18", "close": 6.1625, "volume": 501, "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": "2024-10-25", "close": 5.865, "volume": 1529, "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": "2024-11-01", "close": 6.5575, "volume": 146, "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": "2024-11-08", "close": 5.075, "volume": 377, "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": "2024-11-15", "close": 5.99, "volume": 1473, "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": "2024-11-22", "close": 5.74625, "volume": 5074, "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": "2024-11-29", "close": 5.37, "volume": 639, "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": "2024-12-06", "close": 4.5875, "volume": 4, "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": "2024-12-13", "close": 4.5055, "volume": 74, "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": "2024-12-20", "close": 4.7495, "volume": 3926, "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": "2024-12-27", "close": 4.7215, "volume": 55, "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": "2025-01-03", "close": 5.04625, "volume": 1651, "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": "2025-01-10", "close": 5.66125, "volume": 4139, "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": "2025-01-17", "close": 4.762, "volume": 21233, "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": "2025-01-24", "close": 4.2475, "volume": 10038, "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": "2025-01-31", "close": 4.273, "volume": 3651, "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": "2025-02-07", "close": 4.513, "volume": 24092, "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": "2025-02-14", "close": 3.959, "volume": 34707, "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": "2025-02-21", "close": 4.076, "volume": 88387, "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": "2025-02-28", "close": 5.505, "volume": 31476, "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": "2025-03-07", "close": 6.32, "volume": 19328, "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": "2025-03-14", "close": 6.49875, "volume": 42297, "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": "2025-03-21", "close": 6.42, "volume": 33947, "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": "2025-03-28", "close": 6.81, "volume": 38914, "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": "2025-04-04", "close": 9.63375, "volume": 104016, "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": "2025-04-11", "close": 6.27, "volume": 48995, "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": "2025-04-18", "close": 6.175, "volume": 38966, "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": "2025-04-25", "close": 4.525, "volume": 21227, "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": "2025-05-02", "close": 3.695, "volume": 206558, "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": "2025-05-09", "close": 3.665, "volume": 114196, "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": "2025-05-16", "close": 2.635, "volume": 35660, "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": "2025-05-23", "close": 2.845, "volume": 51021, "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": "2025-05-30", "close": 2.57, "volume": 19160, "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": "2025-06-06", "close": 2.305, "volume": 17993, "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": "2025-06-13", "close": 2.29, "volume": 15361, "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": "2025-06-20", "close": 2.38, "volume": 26212, "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": "2025-06-27", "close": 1.88, "volume": 174048, "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": "2025-07-04", "close": 1.828, "volume": 72462, "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": "2025-07-11", "close": 1.83, "volume": 40939, "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": "2025-07-18", "close": 1.7335, "volume": 57270, "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": "2025-07-25", "close": 1.655, "volume": 229821, "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": "2025-08-01", "close": 1.8605, "volume": 219914, "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": "2025-08-08", "close": 1.545, "volume": 109637, "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": "2025-08-15", "close": 1.48, "volume": 35882, "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": "2025-08-22", "close": 1.525, "volume": 160006, "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": "2025-08-29", "close": 1.57, "volume": 43825, "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": "2025-09-05", "close": 1.5195, "volume": 71003, "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": "2025-09-12", "close": 1.375, "volume": 73559, "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": "2025-09-19", "close": 1.265, "volume": 54262, "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": "2025-09-26", "close": 1.295, "volume": 104907, "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": "2025-10-03", "close": 1.165, "volume": 46288, "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": "2025-10-10", "close": 1.247, "volume": 40568, "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": "2025-10-17", "close": 1.229, "volume": 329454, "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": "2025-10-24", "close": 1.40084, "volume": 73499, "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": "2025-10-31", "close": 0.956, "volume": 233554, "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": "2025-11-07", "close": 1.193, "volume": 219426, "typical_volume": 119516.2, "trend": 2.087911, "fair_value": 5.386399, "relative_strength": -69.963871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.332139, "energy": 58.010937, "activity_lines": [ 1.179768, 1.216277, 1.346793, 1.570763 ] }, { "date": "2025-11-14", "close": 1.0775, "volume": 239899, "typical_volume": 122808.75, "trend": 1.917995, "fair_value": 5.333203, "relative_strength": -72.089396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.257388, "energy": 57.746475, "activity_lines": [ 1.137212, 1.182271, 1.308687, 1.505576 ] }, { "date": "2025-11-21", "close": 1.331, "volume": 135521, "typical_volume": 125961.7, "trend": 1.811528, "fair_value": 5.284396, "relative_strength": -63.981969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.3353, "energy": 48.84898, "activity_lines": [ 1.190456, 1.202392, 1.298545, 1.467705 ] }, { "date": "2025-11-28", "close": 1.005, "volume": 142583, "typical_volume": 131043.9, "trend": 1.721861, "fair_value": 5.232837, "relative_strength": -72.568009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.946054, "energy": 47.924101, "activity_lines": [ 1.128233, 1.16404, 1.259722, 1.415671 ] }, { "date": "2025-12-05", "close": 0.947, "volume": 1144246, "typical_volume": 185392.7, "trend": 1.631261, "fair_value": 5.181815, "relative_strength": -73.391467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.468681, "energy": 51.923626, "activity_lines": [ 1.073067, 1.11987, 1.219304, 1.36568 ] }, { "date": "2025-12-12", "close": 1.039, "volume": 47957, "typical_volume": 176299.5, "trend": 1.578061, "fair_value": 5.133076, "relative_strength": -70.071779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.150786, "energy": 45.89787, "activity_lines": [ 1.049167, 1.098755, 1.191392, 1.32747 ] }, { "date": "2025-12-19", "close": 1.001, "volume": 212402, "typical_volume": 175923.9, "trend": 1.516595, "fair_value": 5.085028, "relative_strength": -71.139809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.022822, "energy": 49.912212, "activity_lines": [ 1.022867, 1.073021, 1.162796, 1.29024 ] }, { "date": "2025-12-26", "close": 0.9445, "volume": 114833, "typical_volume": 176183.7, "trend": 1.462411, "fair_value": 5.037436, "relative_strength": -71.950665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.854914, "energy": 52.673025, "activity_lines": [ 0.982833, 1.041488, 1.132911, 1.25333 ] }, { "date": "2026-01-02", "close": 1.015, "volume": 427683, "typical_volume": 195773.75, "trend": 1.419411, "fair_value": 4.991727, "relative_strength": -69.212615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.605791, "energy": 44.014532, "activity_lines": [ 0.992067, 1.027945, 1.1126, 1.224465 ] }, { "date": "2026-01-09", "close": 0.9325, "volume": 545216, "typical_volume": 215034.25, "trend": 1.374161, "fair_value": 4.946117, "relative_strength": -71.206568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.90682, "energy": 44.882957, "activity_lines": [ 0.973133, 1.006418, 1.086646, 1.193052 ] }, { "date": "2026-01-16", "close": 0.959, "volume": 353747, "typical_volume": 230530.35, "trend": 1.326795, "fair_value": 4.901816, "relative_strength": -69.863928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.205731, "energy": 41.990795, "activity_lines": [ 0.964, 0.990136, 1.066037, 1.166267 ] }, { "date": "2026-01-23", "close": 0.921, "volume": 290327, "typical_volume": 241496.55, "trend": 1.294828, "fair_value": 4.858071, "relative_strength": -70.0383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.557319, "energy": 41.838302, "activity_lines": [ 0.947533, 0.9712, 1.044718, 1.140087 ] }, { "date": "2026-01-30", "close": 0.907, "volume": 293344, "typical_volume": 252485.8, "trend": 1.264128, "fair_value": 4.815124, "relative_strength": -69.954833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.769713, "energy": 47.590314, "activity_lines": [ 0.931733, 0.952564, 1.024917, 1.115065 ] }, { "date": "2026-02-06", "close": 1.0485, "volume": 812139, "typical_volume": 290379.65, "trend": 1.238078, "fair_value": 4.774623, "relative_strength": -64.800213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.537048, "energy": 35.428335, "activity_lines": [ 0.9656, 0.967364, 1.02082, 1.101154 ] }, { "date": "2026-02-13", "close": 1.0655, "volume": 454648, "typical_volume": 307866.7, "trend": 1.215811, "fair_value": 4.735164, "relative_strength": -63.636397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.947424, "energy": 24.624833, "activity_lines": [ 1.0029, 0.984464, 1.019373, 1.09002 ] }, { "date": "2026-02-20", "close": 1.0485, "volume": 516233, "typical_volume": 331363.95, "trend": 1.195595, "fair_value": 4.696357, "relative_strength": -64.104905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.226504, "energy": 18.326398, "activity_lines": [ 1.025667, 0.996318, 1.0174, 1.079226 ] }, { "date": "2026-02-27", "close": 1.041, "volume": 327405, "typical_volume": 345705.8, "trend": 1.168278, "fair_value": 4.658281, "relative_strength": -63.741644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.339389, "energy": 20.918688, "activity_lines": [ 1.039967, 1.006636, 1.015268, 1.069252 ] }, { "date": "2026-03-06", "close": 1.067, "volume": 255599, "typical_volume": 342013.05, "trend": 1.152345, "fair_value": 4.621257, "relative_strength": -58.689768, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.659585, "energy": 14.066577, "activity_lines": [ 1.054933, 1.020955, 1.016592, 1.062718 ] }, { "date": "2026-03-13", "close": 1.1545, "volume": 331593, "typical_volume": 354917.75, "trend": 1.141495, "fair_value": 4.585882, "relative_strength": -52.889312, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.336793, "energy": 11.838833, "activity_lines": [ 1.0884, 1.048955, 1.027021, 1.062857 ] }, { "date": "2026-03-20", "close": 1.224, "volume": 327937, "typical_volume": 359636.9, "trend": 1.131461, "fair_value": 4.551924, "relative_strength": -45.615498, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.183497, "energy": 29.198793, "activity_lines": [ 1.137967, 1.087055, 1.045243, 1.06818 ] }, { "date": "2026-03-27", "close": 1.428, "volume": 1552866, "typical_volume": 426308.9, "trend": 1.126728, "fair_value": 4.520684, "relative_strength": -33.223991, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.110592, "energy": 57.270916, "activity_lines": [ 1.244967, 1.156945, 1.081617, 1.087311 ] }, { "date": "2026-04-03", "close": 1.211, "volume": 259902, "typical_volume": 427309.05, "trend": 1.116445, "fair_value": 4.487915, "relative_strength": -40.119128, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.933393, "energy": 51.543904, "activity_lines": [ 1.254333, 1.178855, 1.096205, 1.092748 ] }, { "date": "2026-04-10", "close": 0.9245, "volume": 329673, "typical_volume": 437016.65, "trend": 1.101428, "fair_value": 4.45298, "relative_strength": -51.633731, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 6.20297, "energy": 14.147448, "activity_lines": [ 1.156867, 1.1434, 1.082871, 1.080365 ] }, { "date": "2026-04-17", "close": 0.682, "volume": 868377, "typical_volume": 473306.35, "trend": 1.081995, "fair_value": 4.416368, "relative_strength": -61.762701, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.362353, "energy": 28.85393, "activity_lines": [ 0.988067, 1.063536, 1.048379, 1.053305 ] }, { "date": "2026-04-24", "close": 0.6185, "volume": 1484015, "typical_volume": 490294.8, "trend": 1.059445, "fair_value": 4.37985, "relative_strength": -62.284984, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -75.235681, "energy": 54.043355, "activity_lines": [ 0.8296, 0.978791, 1.009376, 1.023402 ] }, { "date": "2026-05-01", "close": 0.5505, "volume": 1235858, "typical_volume": 549689.85, "trend": 1.038961, "fair_value": 4.34338, "relative_strength": -64.766818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.278578, "energy": 79.516413, "activity_lines": [ 0.688833, 0.889809, 0.965462, 0.990567 ] }, { "date": "2026-05-08", "close": 0.4325, "volume": 900857, "typical_volume": 584112.6, "trend": 1.011811, "fair_value": 4.306485, "relative_strength": -70.512791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.489387, "energy": 90.225074, "activity_lines": [ 0.567233, 0.788427, 0.912636, 0.95144 ] }, { "date": "2026-05-15", "close": 0.424, "volume": 1594982, "typical_volume": 658120.05, "trend": 0.984978, "fair_value": 4.2702, "relative_strength": -69.929071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.851267, "energy": 90.832771, "activity_lines": [ 0.4947, 0.696564, 0.861707, 0.913517 ] }, { "date": "2026-05-22", "close": 0.3925, "volume": 764880, "typical_volume": 674979.9, "trend": 0.951367, "fair_value": 4.234296, "relative_strength": -71.748955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.92287, "energy": 90.223899, "activity_lines": [ 0.445033, 0.610664, 0.810257, 0.875292 ] }, { "date": "2026-05-29", "close": 0.346, "volume": 610565, "typical_volume": 678247.35, "trend": 0.931033, "fair_value": 4.198623, "relative_strength": -73.98049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.199936, "energy": 89.671382, "activity_lines": [ 0.399167, 0.530164, 0.757343, 0.836237 ] }, { "date": "2026-06-05", "close": 0.3865, "volume": 1266827, "typical_volume": 723901.35, "trend": 0.90415, "fair_value": 4.163968, "relative_strength": -69.803251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.385253, "energy": 81.876511, "activity_lines": [ 0.384967, 0.472991, 0.711079, 0.801105 ] }, { "date": "2026-06-12", "close": 0.371, "volume": 67359, "typical_volume": 712752.95, "trend": 0.8806, "fair_value": 4.129797, "relative_strength": -70.266683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.026062, "energy": 76.671345, "activity_lines": [ 0.376533, 0.431936, 0.666064, 0.766709 ] }, { "date": "2026-06-19", "close": 0.325, "volume": 258504, "typical_volume": 711010.95, "trend": 0.847067, "fair_value": 4.095825, "relative_strength": -72.620895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.347406, "energy": 77.108396, "activity_lines": [ 0.356867, 0.397791, 0.619288, 0.730863 ] }, { "date": "2026-06-26", "close": 0.382, "volume": 318921, "typical_volume": 686350.05, "trend": 0.8263, "fair_value": 4.06296, "relative_strength": -67.288378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.203256, "energy": 72.754618, "activity_lines": [ 0.3628, 0.384909, 0.580712, 0.700859 ] }, { "date": "2026-07-03", "close": 0.35, "volume": 101230, "typical_volume": 668679.15, "trend": 0.8064, "fair_value": 4.03039, "relative_strength": -69.590757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.530176, "energy": 81.657805, "activity_lines": [ 0.358767, 0.371664, 0.542262, 0.67013 ] }, { "date": "2026-07-10", "close": 0.3415, "volume": 12348742, "typical_volume": 1260304.6, "trend": 0.78315, "fair_value": 3.998313, "relative_strength": -68.859205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.785071, "energy": 85.388333, "activity_lines": [ 0.351633, 0.361755, 0.50641, 0.640137 ] }, { "date": "2026-07-17", "close": 0.414, "volume": 1570417, "typical_volume": 1322455.2, "trend": 0.763583, "fair_value": 3.967413, "relative_strength": -61.526505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.156213, "energy": 79.519601, "activity_lines": [ 0.371667, 0.368827, 0.480829, 0.61632 ] }, { "date": "2026-07-24", "close": 0.4305, "volume": 3267832, "typical_volume": 1473066.85, "trend": 0.74645, "fair_value": 3.937183, "relative_strength": -59.412207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.380879, "energy": 71.229405, "activity_lines": [ 0.394333, 0.379236, 0.459805, 0.594831 ] }, { "date": "2026-07-31", "close": 0.438, "volume": 3073155, "typical_volume": 1610144.95, "trend": 0.727217, "fair_value": 3.907529, "relative_strength": -57.853778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.039107, "energy": 49.397903, "activity_lines": [ 0.412467, 0.390891, 0.442526, 0.574931 ] }, { "date": "2026-08-07", "close": 0.321, "volume": 3237006, "typical_volume": 1755598.4, "trend": 0.706833, "fair_value": 3.87739, "relative_strength": -68.310653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.249111, "energy": 56.336977, "activity_lines": [ 0.387867, 0.380445, 0.417517, 0.548724 ] } ], "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." } } }