{
  "ticker": {
    "uuid": "5706aaa7-5a63-4eeb-ab97-91b5e83b6a34",
    "symbol": "MFE2",
    "name": "MFE-Mediaforeurope N.V.",
    "exchange": "VIE",
    "country": "AT",
    "assetType": "equity"
  },
  "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": "^ATX",
    "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": -6.418,
    "architecture_energy": 14.9,
    "architecture_maturity": 100.0,
    "architecture_confidence": 47.248,
    "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": 58.48,
        "rotation_up": 37.2,
        "upward_expansion": 23.97,
        "deceleration": 43.99,
        "rotation_down": 19.62,
        "downward_expansion": 51.3
      },
      "activity_lines": [
        3.571726,
        3.498226,
        3.541587,
        3.570168
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 3.748,
    "trend_reference": 3.654209,
    "distance_from_trend": 0.025666,
    "trend_direction": "Weakening",
    "fair_value": 3.620924,
    "distance_from_fair_value": 0.035095,
    "fair_value_direction": "Improving",
    "relative_strength": -22.278022,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.050659,
    "excess_performance": -0.224905,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.025666,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.0455,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.035095,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.001699,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.22278,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.001227,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.050659,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.516149,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 11098,
      "relative_activity": 1.086059,
      "balance": 0.516149,
      "dry_up": 0.562602,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.050142,
      "annualized_volatility": 0.352331,
      "from_high_reference": -0.292162,
      "from_low_reference": 0.228047
    },
    "levels": {
      "trend_reference": 3.654209,
      "fair_value_reference": 3.620924,
      "structural_low": 3.052,
      "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": 24,
        "median_return": -0.040078,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.037137,
        "regime_survival": 0.875,
        "best_return": 0.252283,
        "worst_return": -0.484277,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.058653,
        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.089148,
        "regime_survival": 0.625,
        "best_return": 0.171377,
        "worst_return": -0.557407,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.04712,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.158104,
        "regime_survival": 0.4,
        "best_return": 0.194166,
        "worst_return": -0.701111,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.039403,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.262635,
        "regime_survival": 0.75,
        "best_return": 0.612812,
        "worst_return": -0.774528,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-15",
        "end": "2025-02-14",
        "tenure": "Established",
        "return": 0.124628,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-21",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.127817,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.066568,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-06-20",
        "tenure": "New",
        "return": -0.029957,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-06-27",
        "end": "2025-07-04",
        "tenure": "New",
        "return": -0.01271,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-11",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.043979,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-22",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-29",
        "end": "2025-09-12",
        "tenure": "New",
        "return": 0.10201,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2025-10-10",
        "tenure": "New",
        "return": -0.085951,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-17",
        "end": "2025-11-14",
        "tenure": "Developing",
        "return": -0.034617,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-21",
        "end": "2025-11-28",
        "tenure": "New",
        "return": -0.001474,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-05",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": 0.024574,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-09",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.013,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-13",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.043389,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 2.999147,
        "volume": 0,
        "typical_volume": 178.05,
        "trend": 2.815699,
        "fair_value": 5.205454,
        "relative_strength": 19.969553,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.931532,
        "energy": 61.003698,
        "activity_lines": [
          3.030066,
          3.002428,
          2.933387,
          2.882578
        ]
      },
      {
        "date": "2023-08-25",
        "close": 2.977062,
        "volume": 0,
        "typical_volume": 178.05,
        "trend": 2.830986,
        "fair_value": 5.190816,
        "relative_strength": 19.069777,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.707547,
        "energy": 47.387612,
        "activity_lines": [
          3.015784,
          3.002472,
          2.941502,
          2.892989
        ]
      },
      {
        "date": "2023-09-01",
        "close": 2.930683,
        "volume": 0,
        "typical_volume": 178.05,
        "trend": 2.834516,
        "fair_value": 5.173969,
        "relative_strength": 14.024516,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.207848,
        "energy": 33.024584,
        "activity_lines": [
          2.985896,
          2.99337,
          2.944348,
          2.899421
        ]
      },
      {
        "date": "2023-09-08",
        "close": 2.837926,
        "volume": 0,
        "typical_volume": 106.6,
        "trend": 2.841054,
        "fair_value": 5.152361,
        "relative_strength": 10.874364,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 16.442395,
        "energy": 18.13606,
        "activity_lines": [
          2.929211,
          2.96716,
          2.938364,
          2.899641
        ]
      },
      {
        "date": "2023-09-15",
        "close": 2.822467,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 2.845774,
        "fair_value": 5.132221,
        "relative_strength": 8.297485,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.871358,
        "energy": 24.23259,
        "activity_lines": [
          2.880624,
          2.938311,
          2.931697,
          2.898442
        ]
      },
      {
        "date": "2023-09-22",
        "close": 2.583948,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 2.841104,
        "fair_value": 5.112851,
        "relative_strength": -0.390625,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -53.697705,
        "energy": 65.832791,
        "activity_lines": [
          2.770788,
          2.868604,
          2.901943,
          2.88155
        ]
      },
      {
        "date": "2023-09-29",
        "close": 2.61045,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 2.836701,
        "fair_value": 5.094338,
        "relative_strength": 0.038818,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -49.07106,
        "energy": 77.414097,
        "activity_lines": [
          2.697465,
          2.811384,
          2.874891,
          2.866669
        ]
      },
      {
        "date": "2023-10-06",
        "close": 2.455855,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 2.829133,
        "fair_value": 5.073846,
        "relative_strength": -4.694011,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -66.075986,
        "energy": 87.619091,
        "activity_lines": [
          2.597052,
          2.732681,
          2.833509,
          2.842098
        ]
      },
      {
        "date": "2023-10-13",
        "close": 2.455855,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 2.823962,
        "fair_value": 5.05417,
        "relative_strength": -5.799837,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -86.615659,
        "energy": 95.115883,
        "activity_lines": [
          2.528294,
          2.663735,
          2.794638,
          2.818015
        ]
      },
      {
        "date": "2023-10-20",
        "close": 2.555238,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 2.821831,
        "fair_value": 5.036183,
        "relative_strength": 1.343161,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.284067,
        "energy": 88.221658,
        "activity_lines": [
          2.518135,
          2.62342,
          2.767381,
          2.800678
        ]
      },
      {
        "date": "2023-10-27",
        "close": 2.555238,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 2.820727,
        "fair_value": 5.021118,
        "relative_strength": 1.445611,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.093696,
        "energy": 87.952624,
        "activity_lines": [
          2.525791,
          2.592943,
          2.740917,
          2.783479
        ]
      },
      {
        "date": "2023-11-03",
        "close": 2.555238,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 2.812633,
        "fair_value": 5.004592,
        "relative_strength": -4.164989,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.192256,
        "energy": 82.869284,
        "activity_lines": [
          2.535361,
          2.570537,
          2.714974,
          2.76635
        ]
      },
      {
        "date": "2023-11-10",
        "close": 2.369282,
        "volume": 14288,
        "typical_volume": 714.4,
        "trend": 2.793887,
        "fair_value": 4.980667,
        "relative_strength": -11.691148,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.395217,
        "energy": 72.787136,
        "activity_lines": [
          2.486627,
          2.52199,
          2.673142,
          2.737747
        ]
      },
      {
        "date": "2023-11-17",
        "close": 2.533594,
        "volume": 0,
        "typical_volume": 714.4,
        "trend": 2.778219,
        "fair_value": 4.954337,
        "relative_strength": -7.823162,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.008689,
        "energy": 61.536219,
        "activity_lines": [
          2.498435,
          2.513525,
          2.649568,
          2.720954
        ]
      },
      {
        "date": "2023-11-24",
        "close": 2.570697,
        "volume": 0,
        "typical_volume": 714.4,
        "trend": 2.772422,
        "fair_value": 4.928137,
        "relative_strength": -6.038632,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.421917,
        "energy": 53.416992,
        "activity_lines": [
          2.517428,
          2.51734,
          2.631023,
          2.707566
        ]
      },
      {
        "date": "2023-12-01",
        "close": 2.570697,
        "volume": 0,
        "typical_volume": 714.4,
        "trend": 2.770737,
        "fair_value": 4.897276,
        "relative_strength": -7.908307,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.230283,
        "energy": 50.011042,
        "activity_lines": [
          2.53539,
          2.525732,
          2.614333,
          2.694551
        ]
      },
      {
        "date": "2023-12-08",
        "close": 2.821583,
        "volume": 0,
        "typical_volume": 714.4,
        "trend": 2.775017,
        "fair_value": 4.870773,
        "relative_strength": 0.603504,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -8.352459,
        "energy": 21.857161,
        "activity_lines": [
          2.635951,
          2.579981,
          2.623609,
          2.697831
        ]
      },
      {
        "date": "2023-12-15",
        "close": 2.962927,
        "volume": 0,
        "typical_volume": 714.4,
        "trend": 2.774345,
        "fair_value": 4.845005,
        "relative_strength": 3.651997,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 24.868705,
        "energy": 38.176836,
        "activity_lines": [
          2.76587,
          2.65609,
          2.647076,
          2.709955
        ]
      },
      {
        "date": "2023-12-22",
        "close": 2.909923,
        "volume": 0,
        "typical_volume": 714.4,
        "trend": 2.774442,
        "fair_value": 4.817908,
        "relative_strength": 0.408707,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 42.784342,
        "energy": 54.43767,
        "activity_lines": [
          2.838544,
          2.713342,
          2.665635,
          2.718702
        ]
      },
      {
        "date": "2023-12-29",
        "close": 2.892255,
        "volume": 0,
        "typical_volume": 714.4,
        "trend": 2.780118,
        "fair_value": 4.791557,
        "relative_strength": -1.224174,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 33.25999,
        "energy": 65.222659,
        "activity_lines": [
          2.880241,
          2.759126,
          2.683116,
          2.726302
        ]
      },
      {
        "date": "2024-01-05",
        "close": 2.916991,
        "volume": 0,
        "typical_volume": 714.4,
        "trend": 2.788537,
        "fair_value": 4.76485,
        "relative_strength": -0.413307,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 34.526606,
        "energy": 76.459861,
        "activity_lines": [
          2.908745,
          2.803281,
          2.703925,
          2.735133
        ]
      },
      {
        "date": "2024-01-12",
        "close": 2.973528,
        "volume": 408,
        "typical_volume": 734.8,
        "trend": 2.789727,
        "fair_value": 4.738118,
        "relative_strength": 2.133191,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 43.211319,
        "energy": 77.812096,
        "activity_lines": [
          2.933009,
          2.851137,
          2.730509,
          2.747068
        ]
      },
      {
        "date": "2024-01-19",
        "close": 2.938192,
        "volume": 0,
        "typical_volume": 734.8,
        "trend": 2.790424,
        "fair_value": 4.71146,
        "relative_strength": 2.253746,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.932809,
        "energy": 60.899032,
        "activity_lines": [
          2.935365,
          2.884963,
          2.753744,
          2.756646
        ]
      },
      {
        "date": "2024-01-26",
        "close": 3.012398,
        "volume": 4411,
        "typical_volume": 955.35,
        "trend": 2.795924,
        "fair_value": 4.684849,
        "relative_strength": 1.179754,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 52.498141,
        "energy": 57.422774,
        "activity_lines": [
          2.964105,
          2.921937,
          2.784011,
          2.770967
        ]
      },
      {
        "date": "2024-02-02",
        "close": 2.908157,
        "volume": 0,
        "typical_volume": 955.35,
        "trend": 2.79418,
        "fair_value": 4.656323,
        "relative_strength": -1.922038,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 37.750921,
        "energy": 46.164617,
        "activity_lines": [
          2.951267,
          2.931253,
          2.80352,
          2.778208
        ]
      },
      {
        "date": "2024-02-09",
        "close": 2.687306,
        "volume": 0,
        "typical_volume": 955.35,
        "trend": 2.783567,
        "fair_value": 4.625651,
        "relative_strength": -7.230566,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 0.6335,
        "energy": 15.621505,
        "activity_lines": [
          2.863751,
          2.894279,
          2.801587,
          2.771313
        ]
      },
      {
        "date": "2024-02-16",
        "close": 2.710275,
        "volume": 0,
        "typical_volume": 955.35,
        "trend": 2.774748,
        "fair_value": 4.594139,
        "relative_strength": -7.808653,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -8.229871,
        "energy": 19.571056,
        "activity_lines": [
          2.799204,
          2.859361,
          2.801349,
          2.766584
        ]
      },
      {
        "date": "2024-02-23",
        "close": 2.629002,
        "volume": 0,
        "typical_volume": 955.35,
        "trend": 2.762631,
        "fair_value": 4.560688,
        "relative_strength": -9.971934,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -32.003822,
        "energy": 39.018947,
        "activity_lines": [
          2.725116,
          2.811689,
          2.792896,
          2.757181
        ]
      },
      {
        "date": "2024-03-01",
        "close": 2.590132,
        "volume": 0,
        "typical_volume": 955.35,
        "trend": 2.747746,
        "fair_value": 4.525098,
        "relative_strength": -11.122517,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -46.981749,
        "energy": 49.766836,
        "activity_lines": [
          2.658684,
          2.763022,
          2.779916,
          2.746052
        ]
      },
      {
        "date": "2024-03-08",
        "close": 2.653737,
        "volume": 0,
        "typical_volume": 955.35,
        "trend": 2.732993,
        "fair_value": 4.484975,
        "relative_strength": -8.952779,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.032707,
        "energy": 56.693825,
        "activity_lines": [
          2.641605,
          2.731733,
          2.772355,
          2.739987
        ]
      },
      {
        "date": "2024-03-15",
        "close": 2.618401,
        "volume": 0,
        "typical_volume": 955.35,
        "trend": 2.720301,
        "fair_value": 4.44381,
        "relative_strength": -10.862369,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.610268,
        "energy": 64.458041,
        "activity_lines": [
          2.629709,
          2.698357,
          2.760959,
          2.732594
        ]
      },
      {
        "date": "2024-03-22",
        "close": 2.69084,
        "volume": 0,
        "typical_volume": 955.35,
        "trend": 2.710761,
        "fair_value": 4.406331,
        "relative_strength": -10.539642,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.311935,
        "energy": 49.865317,
        "activity_lines": [
          2.646552,
          2.68358,
          2.756161,
          2.730694
        ]
      },
      {
        "date": "2024-03-29",
        "close": 2.786247,
        "volume": 0,
        "typical_volume": 240.95,
        "trend": 2.705946,
        "fair_value": 4.371225,
        "relative_strength": -8.283187,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 1.815126,
        "energy": 11.95602,
        "activity_lines": [
          2.696494,
          2.69129,
          2.759804,
          2.735564
        ]
      },
      {
        "date": "2024-04-05",
        "close": 2.885188,
        "volume": 3020,
        "typical_volume": 391.95,
        "trend": 2.707521,
        "fair_value": 4.336839,
        "relative_strength": -5.706362,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 49.819945,
        "energy": 30.209809,
        "activity_lines": [
          2.768932,
          2.719751,
          2.770884,
          2.747128
        ]
      },
      {
        "date": "2024-04-12",
        "close": 2.996496,
        "volume": 2442,
        "typical_volume": 514.05,
        "trend": 2.713322,
        "fair_value": 4.302736,
        "relative_strength": -1.618326,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 68.678736,
        "energy": 51.545228,
        "activity_lines": [
          2.858804,
          2.770763,
          2.790891,
          2.765771
        ]
      },
      {
        "date": "2024-04-19",
        "close": 2.938192,
        "volume": 0,
        "typical_volume": 514.05,
        "trend": 2.72513,
        "fair_value": 4.271139,
        "relative_strength": -2.845159,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.210887,
        "energy": 56.199359,
        "activity_lines": [
          2.906389,
          2.809569,
          2.803318,
          2.780279
        ]
      },
      {
        "date": "2024-04-26",
        "close": 3.358691,
        "volume": 0,
        "typical_volume": 514.05,
        "trend": 2.750072,
        "fair_value": 4.235191,
        "relative_strength": 10.44664,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 94.778992,
        "energy": 92.835463,
        "activity_lines": [
          3.072822,
          2.920267,
          2.854042,
          2.821154
        ]
      },
      {
        "date": "2024-05-03",
        "close": 3.372825,
        "volume": 0,
        "typical_volume": 514.05,
        "trend": 2.780637,
        "fair_value": 4.197487,
        "relative_strength": 9.288404,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 92.718647,
        "energy": 96.845237,
        "activity_lines": [
          3.199443,
          3.021746,
          2.903554,
          2.861331
        ]
      },
      {
        "date": "2024-05-10",
        "close": 3.420529,
        "volume": 0,
        "typical_volume": 514.05,
        "trend": 2.812793,
        "fair_value": 4.157426,
        "relative_strength": 7.767109,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.912602,
        "energy": 95.857175,
        "activity_lines": [
          3.30286,
          3.118374,
          2.955658,
          2.902615
        ]
      },
      {
        "date": "2024-05-17",
        "close": 3.625478,
        "volume": 0,
        "typical_volume": 514.05,
        "trend": 2.848468,
        "fair_value": 4.119623,
        "relative_strength": 12.219199,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 93.79632,
        "energy": 97.69553,
        "activity_lines": [
          3.438904,
          3.237167,
          3.024849,
          2.955046
        ]
      },
      {
        "date": "2024-05-24",
        "close": 3.489434,
        "volume": 0,
        "typical_volume": 514.05,
        "trend": 2.879608,
        "fair_value": 4.079144,
        "relative_strength": 8.128486,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.126708,
        "energy": 89.216905,
        "activity_lines": [
          3.487667,
          3.313557,
          3.077593,
          2.996399
        ]
      },
      {
        "date": "2024-05-31",
        "close": 3.613111,
        "volume": 0,
        "typical_volume": 493.65,
        "trend": 2.91487,
        "fair_value": 4.038556,
        "relative_strength": 13.459933,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.044973,
        "energy": 91.961375,
        "activity_lines": [
          3.540907,
          3.396597,
          3.139389,
          3.043721
        ]
      },
      {
        "date": "2024-06-07",
        "close": 3.835727,
        "volume": 1233,
        "typical_volume": 555.3,
        "trend": 2.963752,
        "fair_value": 3.999867,
        "relative_strength": 20.874668,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.455499,
        "energy": 84.883034,
        "activity_lines": [
          3.651391,
          3.503344,
          3.219341,
          3.103132
        ]
      },
      {
        "date": "2024-06-14",
        "close": 3.826894,
        "volume": 0,
        "typical_volume": 334.75,
        "trend": 3.006862,
        "fair_value": 3.963527,
        "relative_strength": 24.39328,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.48117,
        "energy": 76.252118,
        "activity_lines": [
          3.72807,
          3.589403,
          3.294177,
          3.158818
        ]
      },
      {
        "date": "2024-06-21",
        "close": 3.533604,
        "volume": 0,
        "typical_volume": 334.75,
        "trend": 3.038959,
        "fair_value": 3.920239,
        "relative_strength": 12.958999,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.663654,
        "energy": 66.814444,
        "activity_lines": [
          3.679896,
          3.605015,
          3.337203,
          3.192802
        ]
      },
      {
        "date": "2024-06-28",
        "close": 3.616644,
        "volume": 3171,
        "typical_volume": 493.3,
        "trend": 3.073824,
        "fair_value": 3.876022,
        "relative_strength": 14.78908,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.607786,
        "energy": 64.783732,
        "activity_lines": [
          3.665526,
          3.62596,
          3.385159,
          3.230072
        ]
      },
      {
        "date": "2024-07-05",
        "close": 3.724419,
        "volume": 0,
        "typical_volume": 493.3,
        "trend": 3.103918,
        "fair_value": 3.832152,
        "relative_strength": 14.913648,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.320149,
        "energy": 63.425133,
        "activity_lines": [
          3.6786,
          3.654164,
          3.438954,
          3.272045
        ]
      },
      {
        "date": "2024-07-12",
        "close": 4.045977,
        "volume": 0,
        "typical_volume": 493.3,
        "trend": 3.14002,
        "fair_value": 3.790644,
        "relative_strength": 24.52493,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.537707,
        "energy": 68.083584,
        "activity_lines": [
          3.79144,
          3.734185,
          3.518544,
          3.332823
        ]
      },
      {
        "date": "2024-07-19",
        "close": 4.090147,
        "volume": 0,
        "typical_volume": 493.3,
        "trend": 3.179361,
        "fair_value": 3.752174,
        "relative_strength": 26.546286,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.784622,
        "energy": 70.813363,
        "activity_lines": [
          3.904986,
          3.809996,
          3.595594,
          3.394122
        ]
      },
      {
        "date": "2024-07-26",
        "close": 3.994897,
        "volume": 0,
        "typical_volume": 493.3,
        "trend": 3.216115,
        "fair_value": 3.716466,
        "relative_strength": 23.17898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.295194,
        "energy": 75.778008,
        "activity_lines": [
          3.969232,
          3.856315,
          3.656429,
          3.446737
        ]
      },
      {
        "date": "2024-08-02",
        "close": 3.892177,
        "volume": 0,
        "typical_volume": 493.3,
        "trend": 3.248622,
        "fair_value": 3.678626,
        "relative_strength": 24.513152,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.708689,
        "energy": 66.71014,
        "activity_lines": [
          3.968486,
          3.877241,
          3.701095,
          3.490354
        ]
      },
      {
        "date": "2024-08-09",
        "close": 3.696074,
        "volume": 18721,
        "typical_volume": 1429.35,
        "trend": 3.272706,
        "fair_value": 3.638295,
        "relative_strength": 16.961456,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.336042,
        "energy": 54.161943,
        "activity_lines": [
          3.884003,
          3.855189,
          3.721018,
          3.519222
        ]
      },
      {
        "date": "2024-08-16",
        "close": 3.597088,
        "volume": 0,
        "typical_volume": 1429.35,
        "trend": 3.29467,
        "fair_value": 3.598564,
        "relative_strength": 11.692955,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.056855,
        "energy": 32.250839,
        "activity_lines": [
          3.768414,
          3.813631,
          3.726728,
          3.54015
        ]
      },
      {
        "date": "2024-08-23",
        "close": 3.77078,
        "volume": 0,
        "typical_volume": 1278.35,
        "trend": 3.319949,
        "fair_value": 3.55952,
        "relative_strength": 14.954132,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.149043,
        "energy": 25.22646,
        "activity_lines": [
          3.740648,
          3.807993,
          3.745118,
          3.570867
        ]
      },
      {
        "date": "2024-08-30",
        "close": 3.780118,
        "volume": 0,
        "typical_volume": 1156.25,
        "trend": 3.349014,
        "fair_value": 3.521437,
        "relative_strength": 13.774592,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.219057,
        "energy": 25.27546,
        "activity_lines": [
          3.737287,
          3.805072,
          3.760181,
          3.600555
        ]
      },
      {
        "date": "2024-09-06",
        "close": 3.643779,
        "volume": 794,
        "typical_volume": 1195.95,
        "trend": 3.380897,
        "fair_value": 3.484333,
        "relative_strength": 13.939115,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.022027,
        "energy": 21.647123,
        "activity_lines": [
          3.702797,
          3.772881,
          3.758528,
          3.619572
        ]
      },
      {
        "date": "2024-09-13",
        "close": 3.636309,
        "volume": 9914,
        "typical_volume": 1691.65,
        "trend": 3.411765,
        "fair_value": 3.448891,
        "relative_strength": 12.733483,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.755177,
        "energy": 13.195183,
        "activity_lines": [
          3.682378,
          3.738838,
          3.752803,
          3.63605
        ]
      },
      {
        "date": "2024-09-20",
        "close": 4.073338,
        "volume": 4909,
        "typical_volume": 1937.1,
        "trend": 3.459909,
        "fair_value": 3.415537,
        "relative_strength": 25.010311,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.941188,
        "energy": 32.583537,
        "activity_lines": [
          3.811619,
          3.785856,
          3.787378,
          3.678732
        ]
      },
      {
        "date": "2024-09-27",
        "close": 4.136838,
        "volume": 0,
        "typical_volume": 1937.1,
        "trend": 3.511466,
        "fair_value": 3.382591,
        "relative_strength": 25.00542,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 71.820457,
        "energy": 46.111207,
        "activity_lines": [
          3.930276,
          3.843923,
          3.824665,
          3.722405
        ]
      },
      {
        "date": "2024-10-04",
        "close": 4.00797,
        "volume": 2788,
        "typical_volume": 2076.5,
        "trend": 3.556607,
        "fair_value": 3.348296,
        "relative_strength": 21.573657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.327211,
        "energy": 54.46349,
        "activity_lines": [
          3.981574,
          3.877711,
          3.846267,
          3.754438
        ]
      },
      {
        "date": "2024-10-11",
        "close": 3.948206,
        "volume": 0,
        "typical_volume": 2076.5,
        "trend": 3.600934,
        "fair_value": 3.314806,
        "relative_strength": 18.797034,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.985865,
        "energy": 65.577794,
        "activity_lines": [
          3.997761,
          3.900394,
          3.860357,
          3.779702
        ]
      },
      {
        "date": "2024-10-18",
        "close": 4.133103,
        "volume": 0,
        "typical_volume": 2076.5,
        "trend": 3.649009,
        "fair_value": 3.281124,
        "relative_strength": 23.160077,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.418697,
        "energy": 69.74897,
        "activity_lines": [
          4.055284,
          3.955676,
          3.889871,
          3.814036
        ]
      },
      {
        "date": "2024-10-25",
        "close": 4.011706,
        "volume": 0,
        "typical_volume": 2014.85,
        "trend": 3.689858,
        "fair_value": 3.248943,
        "relative_strength": 20.335625,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.340735,
        "energy": 47.343414,
        "activity_lines": [
          4.039223,
          3.980941,
          3.905347,
          3.837435
        ]
      },
      {
        "date": "2024-11-01",
        "close": 3.92953,
        "volume": 0,
        "typical_volume": 2014.85,
        "trend": 3.724669,
        "fair_value": 3.215594,
        "relative_strength": 18.927006,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.467545,
        "energy": 35.496498,
        "activity_lines": [
          3.999878,
          3.983725,
          3.912159,
          3.852898
        ]
      },
      {
        "date": "2024-11-08",
        "close": 3.821206,
        "volume": 0,
        "typical_volume": 2014.85,
        "trend": 3.75216,
        "fair_value": 3.17597,
        "relative_strength": 14.15667,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 31.972161,
        "energy": 21.046095,
        "activity_lines": [
          3.938245,
          3.963928,
          3.908166,
          3.859126
        ]
      },
      {
        "date": "2024-11-15",
        "close": 3.761441,
        "volume": 1290,
        "typical_volume": 1920.8,
        "trend": 3.779601,
        "fair_value": 3.139881,
        "relative_strength": 11.544624,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.288937,
        "energy": 13.89839,
        "activity_lines": [
          3.869142,
          3.932518,
          3.897111,
          3.859725
        ]
      },
      {
        "date": "2024-11-22",
        "close": 3.780118,
        "volume": 6133,
        "typical_volume": 2227.45,
        "trend": 3.793649,
        "fair_value": 3.106168,
        "relative_strength": 12.198042,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.819224,
        "energy": 18.593976,
        "activity_lines": [
          3.818716,
          3.902364,
          3.887146,
          3.859759
        ]
      },
      {
        "date": "2024-11-29",
        "close": 3.602691,
        "volume": 1220,
        "typical_volume": 2288.45,
        "trend": 3.801311,
        "fair_value": 3.07298,
        "relative_strength": 6.211731,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -30.770973,
        "energy": 30.068556,
        "activity_lines": [
          3.732679,
          3.837336,
          3.860017,
          3.847439
        ]
      },
      {
        "date": "2024-12-06",
        "close": 3.845485,
        "volume": 0,
        "typical_volume": 2288.45,
        "trend": 3.815476,
        "fair_value": 3.040992,
        "relative_strength": 11.464521,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.867368,
        "energy": 21.286488,
        "activity_lines": [
          3.754842,
          3.825009,
          3.858123,
          3.850289
        ]
      },
      {
        "date": "2024-12-13",
        "close": 3.979956,
        "volume": 2000,
        "typical_volume": 2388.45,
        "trend": 3.827292,
        "fair_value": 3.037841,
        "relative_strength": 12.855754,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.163008,
        "energy": 13.783949,
        "activity_lines": [
          3.827431,
          3.842429,
          3.870201,
          3.8609
        ]
      },
      {
        "date": "2024-12-20",
        "close": 3.793191,
        "volume": 0,
        "typical_volume": 2388.45,
        "trend": 3.837417,
        "fair_value": 3.032757,
        "relative_strength": 8.867015,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.722951,
        "energy": 6.400094,
        "activity_lines": [
          3.827182,
          3.826401,
          3.864562,
          3.8587
        ]
      },
      {
        "date": "2024-12-27",
        "close": 3.824941,
        "volume": 0,
        "typical_volume": 1452.4,
        "trend": 3.844478,
        "fair_value": 3.0279,
        "relative_strength": 8.087281,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 5.097051,
        "energy": 7.60656,
        "activity_lines": [
          3.8354,
          3.818965,
          3.862419,
          3.857895
        ]
      },
      {
        "date": "2025-01-03",
        "close": 3.903382,
        "volume": 0,
        "typical_volume": 1452.4,
        "trend": 3.846734,
        "fair_value": 3.023712,
        "relative_strength": 9.217094,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 15.048204,
        "energy": 12.741373,
        "activity_lines": [
          3.866776,
          3.831393,
          3.867132,
          3.861695
        ]
      },
      {
        "date": "2025-01-10",
        "close": 3.81,
        "volume": 0,
        "typical_volume": 1452.4,
        "trend": 3.84617,
        "fair_value": 3.019162,
        "relative_strength": 6.23339,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 4.098461,
        "energy": 3.233536,
        "activity_lines": [
          3.846979,
          3.828812,
          3.861494,
          3.859325
        ]
      },
      {
        "date": "2025-01-17",
        "close": 3.776382,
        "volume": 0,
        "typical_volume": 1452.4,
        "trend": 3.854263,
        "fair_value": 3.015751,
        "relative_strength": 1.464224,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.349636,
        "energy": 11.374418,
        "activity_lines": [
          3.818342,
          3.822292,
          3.852467,
          3.854823
        ]
      },
      {
        "date": "2025-01-24",
        "close": 3.838015,
        "volume": 0,
        "typical_volume": 1412.7,
        "trend": 3.861642,
        "fair_value": 3.013567,
        "relative_strength": 1.135142,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -41.998374,
        "energy": 17.3002,
        "activity_lines": [
          3.823821,
          3.827793,
          3.849327,
          3.853775
        ]
      },
      {
        "date": "2025-01-31",
        "close": 3.950073,
        "volume": 0,
        "typical_volume": 917.0,
        "trend": 3.869164,
        "fair_value": 3.012338,
        "relative_strength": 3.215696,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -14.252254,
        "energy": 5.844779,
        "activity_lines": [
          3.863664,
          3.852277,
          3.855935,
          3.85948
        ]
      },
      {
        "date": "2025-02-07",
        "close": 4.052794,
        "volume": 100,
        "typical_volume": 676.55,
        "trend": 3.869391,
        "fair_value": 3.009938,
        "relative_strength": 4.989668,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 53.31879,
        "energy": 37.467839,
        "activity_lines": [
          3.929405,
          3.892346,
          3.870832,
          3.871327
        ]
      },
      {
        "date": "2025-02-14",
        "close": 4.230221,
        "volume": 0,
        "typical_volume": 676.55,
        "trend": 3.87406,
        "fair_value": 3.010315,
        "relative_strength": 3.618961,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 76.991727,
        "energy": 70.625084,
        "activity_lines": [
          4.044327,
          3.956491,
          3.902724,
          3.894606
        ]
      },
      {
        "date": "2025-02-21",
        "close": 4.31053,
        "volume": 7326,
        "typical_volume": 903.45,
        "trend": 3.884581,
        "fair_value": 3.011848,
        "relative_strength": 5.912721,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.208158,
        "energy": 84.944468,
        "activity_lines": [
          4.158005,
          4.028243,
          3.94182,
          3.922766
        ]
      },
      {
        "date": "2025-02-28",
        "close": 4.172323,
        "volume": 4842,
        "typical_volume": 1145.55,
        "trend": 3.89392,
        "fair_value": 3.01563,
        "relative_strength": -0.38994,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.628655,
        "energy": 79.029608,
        "activity_lines": [
          4.190004,
          4.068856,
          3.966313,
          3.94133
        ]
      },
      {
        "date": "2025-03-07",
        "close": 4.245162,
        "volume": 2400,
        "typical_volume": 1265.55,
        "trend": 3.912223,
        "fair_value": 3.016197,
        "relative_strength": -2.402184,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.238185,
        "energy": 83.165867,
        "activity_lines": [
          4.223995,
          4.115819,
          3.996676,
          3.96399
        ]
      },
      {
        "date": "2025-03-14",
        "close": 4.338544,
        "volume": 7038,
        "typical_volume": 1617.45,
        "trend": 3.936938,
        "fair_value": 3.018812,
        "relative_strength": -0.874659,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.184165,
        "energy": 84.678012,
        "activity_lines": [
          4.269441,
          4.17212,
          4.035398,
          3.991495
        ]
      },
      {
        "date": "2025-03-21",
        "close": 4.506632,
        "volume": 0,
        "typical_volume": 1617.45,
        "trend": 3.961466,
        "fair_value": 3.021768,
        "relative_strength": 3.327077,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.246251,
        "energy": 88.626021,
        "activity_lines": [
          4.351867,
          4.25107,
          4.088573,
          4.02825
        ]
      },
      {
        "date": "2025-03-28",
        "close": 4.41325,
        "volume": 17767,
        "typical_volume": 2505.8,
        "trend": 3.982571,
        "fair_value": 3.025218,
        "relative_strength": 2.695899,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.624473,
        "energy": 77.367022,
        "activity_lines": [
          4.384737,
          4.300376,
          4.130106,
          4.057397
        ]
      },
      {
        "date": "2025-04-04",
        "close": 3.892177,
        "volume": 0,
        "typical_volume": 2441.3,
        "trend": 3.99085,
        "fair_value": 3.027323,
        "relative_strength": 0.092686,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 30.50478,
        "energy": 31.068694,
        "activity_lines": [
          4.237069,
          4.243362,
          4.119193,
          4.051565
        ]
      },
      {
        "date": "2025-04-11",
        "close": 3.759573,
        "volume": 6232,
        "typical_volume": 2446.25,
        "trend": 3.994959,
        "fair_value": 3.028458,
        "relative_strength": -2.411196,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 8.428886,
        "energy": 11.83166,
        "activity_lines": [
          4.063875,
          4.161253,
          4.09503,
          4.036644
        ]
      },
      {
        "date": "2025-04-18",
        "close": 3.759573,
        "volume": 0,
        "typical_volume": 2385.25,
        "trend": 3.9845,
        "fair_value": 3.03052,
        "relative_strength": -7.614098,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.901893,
        "energy": 31.493253,
        "activity_lines": [
          3.923055,
          4.082608,
          4.070964,
          4.021458
        ]
      },
      {
        "date": "2025-04-25",
        "close": 3.920191,
        "volume": 0,
        "typical_volume": 2385.25,
        "trend": 3.977279,
        "fair_value": 3.034823,
        "relative_strength": -7.150116,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -17.798633,
        "energy": 34.807451,
        "activity_lines": [
          3.874371,
          4.038498,
          4.061447,
          4.017309
        ]
      },
      {
        "date": "2025-05-02",
        "close": 3.974353,
        "volume": 0,
        "typical_volume": 2285.25,
        "trend": 3.976158,
        "fair_value": 3.040862,
        "relative_strength": -7.246498,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -18.619981,
        "energy": 32.381774,
        "activity_lines": [
          3.882838,
          4.009872,
          4.056734,
          4.01712
        ]
      },
      {
        "date": "2025-05-09",
        "close": 3.948206,
        "volume": 0,
        "typical_volume": 2285.25,
        "trend": 3.976158,
        "fair_value": 3.047007,
        "relative_strength": -11.911516,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -17.201124,
        "energy": 29.368583,
        "activity_lines": [
          3.911849,
          3.982604,
          4.049557,
          4.015317
        ]
      },
      {
        "date": "2025-05-16",
        "close": 4.116294,
        "volume": 0,
        "typical_volume": 2285.25,
        "trend": 3.975598,
        "fair_value": 3.055048,
        "relative_strength": -10.731995,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.655825,
        "energy": 13.782841,
        "activity_lines": [
          3.993154,
          3.989973,
          4.05765,
          4.024358
        ]
      },
      {
        "date": "2025-05-23",
        "close": 4.101353,
        "volume": 0,
        "typical_volume": 2285.25,
        "trend": 3.978586,
        "fair_value": 3.062899,
        "relative_strength": -9.95832,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.214776,
        "energy": 19.999824,
        "activity_lines": [
          4.045697,
          3.996968,
          4.062933,
          4.032471
        ]
      },
      {
        "date": "2025-05-30",
        "close": 4.009839,
        "volume": 0,
        "typical_volume": 2285.25,
        "trend": 3.981263,
        "fair_value": 3.070744,
        "relative_strength": -12.708316,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 30.05879,
        "energy": 19.88365,
        "activity_lines": [
          4.04495,
          3.991637,
          4.058557,
          4.034487
        ]
      },
      {
        "date": "2025-06-06",
        "close": 3.927662,
        "volume": 0,
        "typical_volume": 2285.25,
        "trend": 3.984812,
        "fair_value": 3.079013,
        "relative_strength": -14.661871,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 1.766889,
        "energy": 7.958784,
        "activity_lines": [
          4.010835,
          3.980397,
          4.045404,
          4.031029
        ]
      },
      {
        "date": "2025-06-13",
        "close": 3.854823,
        "volume": 0,
        "typical_volume": 2285.25,
        "trend": 3.987924,
        "fair_value": 3.087326,
        "relative_strength": -14.122963,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.320306,
        "energy": 16.524182,
        "activity_lines": [
          3.955552,
          3.964743,
          4.024593,
          4.022643
        ]
      },
      {
        "date": "2025-06-20",
        "close": 3.81,
        "volume": 0,
        "typical_volume": 2285.25,
        "trend": 3.988921,
        "fair_value": 3.095933,
        "relative_strength": -14.554453,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -35.102069,
        "energy": 43.346477,
        "activity_lines": [
          3.891554,
          3.941618,
          3.999433,
          4.011164
        ]
      },
      {
        "date": "2025-06-27",
        "close": 3.934,
        "volume": 0,
        "typical_volume": 2280.25,
        "trend": 3.999964,
        "fair_value": 3.104884,
        "relative_strength": -13.274141,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.372043,
        "energy": 39.994493,
        "activity_lines": [
          3.889309,
          3.940122,
          3.986749,
          4.00762
        ]
      },
      {
        "date": "2025-07-04",
        "close": 3.884,
        "volume": 0,
        "typical_volume": 2280.25,
        "trend": 4.001248,
        "fair_value": 3.113882,
        "relative_strength": -13.510042,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -55.909345,
        "energy": 57.80472,
        "activity_lines": [
          3.881554,
          3.926363,
          3.96987,
          4.000139
        ]
      },
      {
        "date": "2025-07-11",
        "close": 3.82,
        "volume": 0,
        "typical_volume": 1913.95,
        "trend": 3.995916,
        "fair_value": 3.124572,
        "relative_strength": -16.434772,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.67576,
        "energy": 65.355634,
        "activity_lines": [
          3.860855,
          3.901626,
          3.948544,
          3.988445
        ]
      },
      {
        "date": "2025-07-18",
        "close": 3.852,
        "volume": 0,
        "typical_volume": 1671.85,
        "trend": 3.997876,
        "fair_value": 3.134125,
        "relative_strength": -15.370519,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.451245,
        "energy": 50.032857,
        "activity_lines": [
          3.858,
          3.885514,
          3.932601,
          3.97916
        ]
      },
      {
        "date": "2025-07-25",
        "close": 3.818,
        "volume": 0,
        "typical_volume": 1551.85,
        "trend": 3.997645,
        "fair_value": 3.143674,
        "relative_strength": -17.370436,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.6639,
        "energy": 58.484403,
        "activity_lines": [
          3.844,
          3.864969,
          3.914946,
          3.967556
        ]
      },
      {
        "date": "2025-08-01",
        "close": 3.99,
        "volume": 0,
        "typical_volume": 1199.95,
        "trend": 4.000532,
        "fair_value": 3.154907,
        "relative_strength": -11.001687,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.818854,
        "energy": 24.856785,
        "activity_lines": [
          3.8868,
          3.881121,
          3.915705,
          3.967062
        ]
      },
      {
        "date": "2025-08-08",
        "close": 3.938,
        "volume": 0,
        "typical_volume": 1199.95,
        "trend": 4.004799,
        "fair_value": 3.165023,
        "relative_strength": -16.744599,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.790126,
        "energy": 17.726112,
        "activity_lines": [
          3.908533,
          3.889842,
          3.913172,
          3.963028
        ]
      },
      {
        "date": "2025-08-15",
        "close": 3.988,
        "volume": 0,
        "typical_volume": 311.6,
        "trend": 4.011853,
        "fair_value": 3.176374,
        "relative_strength": -17.601282,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -23.736664,
        "energy": 15.647369,
        "activity_lines": [
          3.943333,
          3.90896,
          3.918109,
          3.961944
        ]
      },
      {
        "date": "2025-08-22",
        "close": 4.012,
        "volume": 0,
        "typical_volume": 311.6,
        "trend": 4.017652,
        "fair_value": 3.188711,
        "relative_strength": -15.771009,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.289624,
        "energy": 14.85311,
        "activity_lines": [
          3.974933,
          3.931345,
          3.927357,
          3.961954
        ]
      },
      {
        "date": "2025-08-29",
        "close": 4.578,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.038583,
        "fair_value": 3.204556,
        "relative_strength": -0.265233,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 52.003743,
        "energy": 63.204407,
        "activity_lines": [
          4.184533,
          4.053782,
          3.989938,
          3.998105
        ]
      },
      {
        "date": "2025-09-05",
        "close": 4.92,
        "volume": 9152,
        "typical_volume": 457.6,
        "trend": 4.06749,
        "fair_value": 3.222523,
        "relative_strength": 7.466461,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 68.751282,
        "energy": 85.246562,
        "activity_lines": [
          4.457467,
          4.224436,
          4.081194,
          4.054971
        ]
      },
      {
        "date": "2025-09-12",
        "close": 5.045,
        "volume": 4968,
        "typical_volume": 706.0,
        "trend": 4.09465,
        "fair_value": 3.24287,
        "relative_strength": 8.842378,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 93.53939,
        "energy": 97.256614,
        "activity_lines": [
          4.710067,
          4.399891,
          4.178829,
          4.118036
        ]
      },
      {
        "date": "2025-09-19",
        "close": 4.584,
        "volume": 0,
        "typical_volume": 706.0,
        "trend": 4.103765,
        "fair_value": 3.260014,
        "relative_strength": -0.429945,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.817801,
        "energy": 87.576798,
        "activity_lines": [
          4.7352,
          4.470418,
          4.227202,
          4.149607
        ]
      },
      {
        "date": "2025-09-26",
        "close": 4.308,
        "volume": 8828,
        "typical_volume": 1147.4,
        "trend": 4.108288,
        "fair_value": 3.275616,
        "relative_strength": -6.561708,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.846488,
        "energy": 75.749658,
        "activity_lines": [
          4.6286,
          4.476873,
          4.246387,
          4.162783
        ]
      },
      {
        "date": "2025-10-03",
        "close": 4.23,
        "volume": 0,
        "typical_volume": 1147.4,
        "trend": 4.107782,
        "fair_value": 3.290897,
        "relative_strength": -9.844046,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.787741,
        "energy": 42.814631,
        "activity_lines": [
          4.476267,
          4.460855,
          4.25643,
          4.170636
        ]
      },
      {
        "date": "2025-10-10",
        "close": 4.19,
        "volume": 8552,
        "typical_volume": 1575.0,
        "trend": 4.102831,
        "fair_value": 3.306211,
        "relative_strength": -8.626482,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.868123,
        "energy": 25.690556,
        "activity_lines": [
          4.3338,
          4.430073,
          4.262122,
          4.17594
        ]
      },
      {
        "date": "2025-10-17",
        "close": 4.102,
        "volume": 4486,
        "typical_volume": 1799.3,
        "trend": 4.089343,
        "fair_value": 3.319923,
        "relative_strength": -8.383011,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.458256,
        "energy": 25.672594,
        "activity_lines": [
          4.210667,
          4.379655,
          4.259011,
          4.175886
        ]
      },
      {
        "date": "2025-10-24",
        "close": 4.124,
        "volume": 4552,
        "typical_volume": 2026.9,
        "trend": 4.079701,
        "fair_value": 3.333333,
        "relative_strength": -9.20531,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.805223,
        "energy": 24.229267,
        "activity_lines": [
          4.157733,
          4.330255,
          4.257556,
          4.178122
        ]
      },
      {
        "date": "2025-10-31",
        "close": 4.048,
        "volume": 0,
        "typical_volume": 2026.9,
        "trend": 4.084896,
        "fair_value": 3.346409,
        "relative_strength": -13.042101,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.601905,
        "energy": 21.785361,
        "activity_lines": [
          4.110133,
          4.264564,
          4.247929,
          4.176077
        ]
      },
      {
        "date": "2025-11-07",
        "close": 3.938,
        "volume": 0,
        "typical_volume": 2026.9,
        "trend": 4.090843,
        "fair_value": 3.357195,
        "relative_strength": -14.021004,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -25.814369,
        "energy": 28.51059,
        "activity_lines": [
          4.0432,
          4.178218,
          4.226905,
          4.1666
        ]
      },
      {
        "date": "2025-11-14",
        "close": 3.96,
        "volume": 0,
        "typical_volume": 2026.9,
        "trend": 4.097524,
        "fair_value": 3.368742,
        "relative_strength": -14.897112,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -23.761486,
        "energy": 28.663083,
        "activity_lines": [
          4.003067,
          4.107509,
          4.207367,
          4.158159
        ]
      },
      {
        "date": "2025-11-21",
        "close": 4.07,
        "volume": 13704,
        "typical_volume": 2712.1,
        "trend": 4.102518,
        "fair_value": 3.379808,
        "relative_strength": -10.966991,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -19.572543,
        "energy": 26.237797,
        "activity_lines": [
          4.014933,
          4.074255,
          4.198181,
          4.156383
        ]
      },
      {
        "date": "2025-11-28",
        "close": 4.064,
        "volume": 2072,
        "typical_volume": 2815.7,
        "trend": 4.105506,
        "fair_value": 3.390744,
        "relative_strength": -14.657538,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.516753,
        "energy": 26.576629,
        "activity_lines": [
          4.026933,
          4.057636,
          4.187538,
          4.153898
        ]
      },
      {
        "date": "2025-12-05",
        "close": 3.988,
        "volume": 0,
        "typical_volume": 2815.7,
        "trend": 4.106832,
        "fair_value": 3.401903,
        "relative_strength": -16.956505,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -21.107544,
        "energy": 22.123281,
        "activity_lines": [
          4.0176,
          4.036655,
          4.168495,
          4.146317
        ]
      },
      {
        "date": "2025-12-12",
        "close": 3.976,
        "volume": 517,
        "typical_volume": 2841.55,
        "trend": 4.102156,
        "fair_value": 3.413777,
        "relative_strength": -17.025915,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -21.197571,
        "energy": 19.168659,
        "activity_lines": [
          4.008267,
          4.019309,
          4.147662,
          4.137876
        ]
      },
      {
        "date": "2025-12-19",
        "close": 4.044,
        "volume": 0,
        "typical_volume": 2841.55,
        "trend": 4.100244,
        "fair_value": 3.425217,
        "relative_strength": -17.243511,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -16.943201,
        "energy": 21.123581,
        "activity_lines": [
          4.019067,
          4.018945,
          4.132552,
          4.134124
        ]
      },
      {
        "date": "2025-12-26",
        "close": 4.006,
        "volume": 0,
        "typical_volume": 2841.55,
        "trend": 4.100116,
        "fair_value": 3.436083,
        "relative_strength": -17.727254,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -28.952009,
        "energy": 35.171856,
        "activity_lines": [
          4.0116,
          4.014327,
          4.113567,
          4.128044
        ]
      },
      {
        "date": "2026-01-02",
        "close": 4.086,
        "volume": 0,
        "typical_volume": 2841.55,
        "trend": 4.105394,
        "fair_value": 3.446079,
        "relative_strength": -17.19892,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -15.564268,
        "energy": 20.699111,
        "activity_lines": [
          4.035067,
          4.026,
          4.101876,
          4.127133
        ]
      },
      {
        "date": "2026-01-09",
        "close": 4.0,
        "volume": 0,
        "typical_volume": 2841.55,
        "trend": 4.110233,
        "fair_value": 3.456235,
        "relative_strength": -19.203357,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -19.676926,
        "energy": 18.931864,
        "activity_lines": [
          4.0284,
          4.022727,
          4.081529,
          4.120333
        ]
      },
      {
        "date": "2026-01-16",
        "close": 4.038,
        "volume": 2000,
        "typical_volume": 2941.55,
        "trend": 4.117833,
        "fair_value": 3.466332,
        "relative_strength": -18.992788,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -40.46791,
        "energy": 24.463606,
        "activity_lines": [
          4.0336,
          4.027236,
          4.064857,
          4.115673
        ]
      },
      {
        "date": "2026-01-23",
        "close": 4.14,
        "volume": 0,
        "typical_volume": 2483.95,
        "trend": 4.1247,
        "fair_value": 3.476726,
        "relative_strength": -17.248358,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -27.422657,
        "energy": 15.807831,
        "activity_lines": [
          4.068667,
          4.048473,
          4.060471,
          4.117103
        ]
      },
      {
        "date": "2026-01-30",
        "close": 4.054,
        "volume": 0,
        "typical_volume": 2235.55,
        "trend": 4.130367,
        "fair_value": 3.484606,
        "relative_strength": -19.697612,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -31.529863,
        "energy": 15.53352,
        "activity_lines": [
          4.068667,
          4.0508,
          4.05161,
          4.112542
        ]
      },
      {
        "date": "2026-02-06",
        "close": 3.948,
        "volume": 6430,
        "typical_volume": 2557.05,
        "trend": 4.134633,
        "fair_value": 3.492979,
        "relative_strength": -22.055312,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -58.678292,
        "energy": 28.654333,
        "activity_lines": [
          4.030133,
          4.034145,
          4.037371,
          4.100776
        ]
      },
      {
        "date": "2026-02-13",
        "close": 3.918,
        "volume": 0,
        "typical_volume": 2115.65,
        "trend": 4.136833,
        "fair_value": 3.500909,
        "relative_strength": -21.484184,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.282882,
        "energy": 38.722917,
        "activity_lines": [
          3.9908,
          4.014145,
          4.023305,
          4.0868
        ]
      },
      {
        "date": "2026-02-20",
        "close": 3.966,
        "volume": 4151,
        "typical_volume": 2323.2,
        "trend": 4.141767,
        "fair_value": 3.508871,
        "relative_strength": -22.410434,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.625319,
        "energy": 50.446569,
        "activity_lines": [
          3.972933,
          4.004145,
          4.015667,
          4.075778
        ]
      },
      {
        "date": "2026-02-27",
        "close": 3.966,
        "volume": 0,
        "typical_volume": 1895.6,
        "trend": 4.140967,
        "fair_value": 3.516713,
        "relative_strength": -20.43211,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.790383,
        "energy": 52.194358,
        "activity_lines": [
          3.959867,
          3.994327,
          4.009286,
          4.064439
        ]
      },
      {
        "date": "2026-03-06",
        "close": 3.784,
        "volume": 21851,
        "typical_volume": 2763.85,
        "trend": 4.135833,
        "fair_value": 3.523772,
        "relative_strength": -19.383458,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.247119,
        "energy": 67.36767,
        "activity_lines": [
          3.897733,
          3.952836,
          3.986638,
          4.041409
        ]
      },
      {
        "date": "2026-03-13",
        "close": 3.42,
        "volume": 81820,
        "typical_volume": 6627.25,
        "trend": 4.1169,
        "fair_value": 3.528958,
        "relative_strength": -24.591737,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -90.986116,
        "energy": 83.307604,
        "activity_lines": [
          3.732267,
          3.8492,
          3.930838,
          3.995226
        ]
      },
      {
        "date": "2026-03-20",
        "close": 3.14,
        "volume": 38666,
        "typical_volume": 8560.55,
        "trend": 4.087833,
        "fair_value": 3.532296,
        "relative_strength": -29.138689,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -95.042011,
        "energy": 96.676051,
        "activity_lines": [
          3.508667,
          3.706764,
          3.851724,
          3.9322
        ]
      },
      {
        "date": "2026-03-27",
        "close": 3.326,
        "volume": 7132,
        "typical_volume": 8917.15,
        "trend": 4.0461,
        "fair_value": 3.537025,
        "relative_strength": -25.305844,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.029555,
        "energy": 90.555413,
        "activity_lines": [
          3.398933,
          3.613782,
          3.794648,
          3.883049
        ]
      },
      {
        "date": "2026-04-03",
        "close": 3.324,
        "volume": 9086,
        "typical_volume": 9371.45,
        "trend": 3.9929,
        "fair_value": 3.540396,
        "relative_strength": -27.198379,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.851647,
        "energy": 88.278425,
        "activity_lines": [
          3.3312,
          3.533382,
          3.740295,
          3.836462
        ]
      },
      {
        "date": "2026-04-10",
        "close": 3.642,
        "volume": 21207,
        "typical_volume": 9746.6,
        "trend": 3.946133,
        "fair_value": 3.54495,
        "relative_strength": -24.453275,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.605538,
        "energy": 74.176559,
        "activity_lines": [
          3.412267,
          3.525636,
          3.719257,
          3.813824
        ]
      },
      {
        "date": "2026-04-17",
        "close": 3.934,
        "volume": 53797,
        "typical_volume": 12332.85,
        "trend": 3.924467,
        "fair_value": 3.550913,
        "relative_strength": -19.811569,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.011443,
        "energy": 28.863292,
        "activity_lines": [
          3.600133,
          3.578473,
          3.728067,
          3.813041
        ]
      },
      {
        "date": "2026-04-24",
        "close": 3.788,
        "volume": 3315,
        "typical_volume": 12498.6,
        "trend": 3.907133,
        "fair_value": 3.557602,
        "relative_strength": -19.474722,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.706831,
        "energy": 23.654643,
        "activity_lines": [
          3.705067,
          3.605018,
          3.72359,
          3.804237
        ]
      },
      {
        "date": "2026-05-01",
        "close": 3.676,
        "volume": 19487,
        "typical_volume": 13447.1,
        "trend": 3.888667,
        "fair_value": 3.564363,
        "relative_strength": -21.799268,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.276121,
        "energy": 27.223614,
        "activity_lines": [
          3.729467,
          3.613564,
          3.7094,
          3.789325
        ]
      },
      {
        "date": "2026-05-08",
        "close": 3.69,
        "volume": 1391,
        "typical_volume": 13516.65,
        "trend": 3.872,
        "fair_value": 3.570753,
        "relative_strength": -22.155317,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.816169,
        "energy": 24.857735,
        "activity_lines": [
          3.7352,
          3.629927,
          3.697971,
          3.776508
        ]
      },
      {
        "date": "2026-05-15",
        "close": 3.632,
        "volume": 17763,
        "typical_volume": 14404.8,
        "trend": 3.856333,
        "fair_value": 3.574913,
        "relative_strength": -22.499641,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.712926,
        "energy": 16.911652,
        "activity_lines": [
          3.6972,
          3.640764,
          3.682705,
          3.761024
        ]
      },
      {
        "date": "2026-05-22",
        "close": 3.59,
        "volume": 8,
        "typical_volume": 14405.2,
        "trend": 3.838533,
        "fair_value": 3.579291,
        "relative_strength": -24.35796,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.901875,
        "energy": 24.765258,
        "activity_lines": [
          3.645867,
          3.646727,
          3.665219,
          3.743841
        ]
      },
      {
        "date": "2026-05-29",
        "close": 3.744,
        "volume": 2284,
        "typical_volume": 14519.4,
        "trend": 3.8284,
        "fair_value": 3.585842,
        "relative_strength": -22.687901,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.094546,
        "energy": 16.270447,
        "activity_lines": [
          3.6688,
          3.6776,
          3.664762,
          3.737742
        ]
      },
      {
        "date": "2026-06-05",
        "close": 3.618,
        "volume": 3227,
        "typical_volume": 14580.75,
        "trend": 3.817733,
        "fair_value": 3.591955,
        "relative_strength": -23.960228,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.004423,
        "energy": 19.732978,
        "activity_lines": [
          3.652667,
          3.674582,
          3.653524,
          3.724168
        ]
      },
      {
        "date": "2026-06-12",
        "close": 3.694,
        "volume": 5704,
        "typical_volume": 14865.95,
        "trend": 3.808867,
        "fair_value": 3.596802,
        "relative_strength": -23.976701,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.855034,
        "energy": 16.483926,
        "activity_lines": [
          3.665733,
          3.680073,
          3.651524,
          3.716185
        ]
      },
      {
        "date": "2026-06-19",
        "close": 3.461415,
        "volume": 91,
        "typical_volume": 14870.5,
        "trend": 3.788581,
        "fair_value": 3.60029,
        "relative_strength": -31.102603,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.421503,
        "energy": 30.211057,
        "activity_lines": [
          3.601005,
          3.636548,
          3.629497,
          3.693769
        ]
      },
      {
        "date": "2026-06-26",
        "close": 3.228019,
        "volume": 1,
        "typical_volume": 14549.05,
        "trend": 3.760714,
        "fair_value": 3.60273,
        "relative_strength": -33.892197,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.622672,
        "energy": 68.994859,
        "activity_lines": [
          3.46985,
          3.553871,
          3.588063,
          3.657603
        ]
      },
      {
        "date": "2026-07-03",
        "close": 3.340953,
        "volume": 9772,
        "typical_volume": 15037.65,
        "trend": 3.739146,
        "fair_value": 3.605169,
        "relative_strength": -32.602931,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.630027,
        "energy": 69.77378,
        "activity_lines": [
          3.400472,
          3.504564,
          3.560814,
          3.630522
        ]
      },
      {
        "date": "2026-07-10",
        "close": 3.325895,
        "volume": 27111,
        "typical_volume": 16185.65,
        "trend": 3.717476,
        "fair_value": 3.607222,
        "relative_strength": -31.476294,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.11758,
        "energy": 75.058763,
        "activity_lines": [
          3.352945,
          3.460647,
          3.534878,
          3.603861
        ]
      },
      {
        "date": "2026-07-17",
        "close": 3.516,
        "volume": 1063,
        "typical_volume": 16238.8,
        "trend": 3.699876,
        "fair_value": 3.610691,
        "relative_strength": -25.608426,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.944172,
        "energy": 67.829562,
        "activity_lines": [
          3.388259,
          3.45766,
          3.530096,
          3.590862
        ]
      },
      {
        "date": "2026-07-24",
        "close": 3.418,
        "volume": 10472,
        "typical_volume": 15669.85,
        "trend": 3.680276,
        "fair_value": 3.613418,
        "relative_strength": -28.133262,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.599116,
        "energy": 42.343375,
        "activity_lines": [
          3.402774,
          3.440019,
          3.518123,
          3.572677
        ]
      },
      {
        "date": "2026-07-31",
        "close": 3.556,
        "volume": 363,
        "typical_volume": 11597.0,
        "trend": 3.662609,
        "fair_value": 3.616747,
        "relative_strength": -24.576913,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.649214,
        "energy": 23.935878,
        "activity_lines": [
          3.466183,
          3.451359,
          3.521036,
          3.564659
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.748,
        "volume": 11098,
        "typical_volume": 10218.6,
        "trend": 3.654209,
        "fair_value": 3.620924,
        "relative_strength": -22.278022,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -6.417636,
        "energy": 14.90006,
        "activity_lines": [
          3.571726,
          3.498226,
          3.541587,
          3.570168
        ]
      }
    ],
    "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."
    }
  }
}