{
  "ticker": {
    "uuid": "63869034-e13b-46bc-b207-482619b20e5e",
    "symbol": "CLX",
    "name": "Calnex Solutions plc",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 7.632,
    "architecture_energy": 12.882,
    "architecture_maturity": 45.581,
    "architecture_confidence": 81.937,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 58.21,
        "rotation_up": 17.41,
        "upward_expansion": 45.44,
        "deceleration": 83.48,
        "rotation_down": 37.33,
        "downward_expansion": 30.44
      },
      "activity_lines": [
        0.604667,
        0.617091,
        0.634167,
        0.612243
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 0.63,
    "trend_reference": 0.57695,
    "distance_from_trend": 0.091949,
    "trend_direction": "Improving",
    "fair_value": 0.586913,
    "distance_from_fair_value": 0.073413,
    "fair_value_direction": "Weakening",
    "relative_strength": 4.122528,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.280488,
    "excess_performance": 0.229253,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.091949,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.091611,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.073413,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.125985,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.041225,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.319441,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.280488,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.543976,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 615041,
      "relative_activity": 0.744836,
      "balance": 0.543976,
      "dry_up": 0.62835,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.104615,
      "annualized_volatility": 0.559239,
      "from_high_reference": -0.231707,
      "from_low_reference": 0.575
    },
    "levels": {
      "trend_reference": 0.57695,
      "fair_value_reference": 0.586913,
      "structural_low": 0.42112,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.065041,
        "positive_rate": 0.181818,
        "directional_follow_through": 0.181818,
        "median_excess_return": -0.082748,
        "regime_survival": 0.454545,
        "best_return": 0.064103,
        "worst_return": -0.30581,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.216513,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.269461,
        "regime_survival": 0.0,
        "best_return": -0.08215,
        "worst_return": -0.568376,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.096047,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.108518,
        "regime_survival": 0.0,
        "best_return": -0.0154,
        "worst_return": -0.185209,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.311076,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.344543,
        "regime_survival": 0.0,
        "best_return": -0.086139,
        "worst_return": -0.573956,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-21",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.157026,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-14",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.145454,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.229887,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-06-27",
        "tenure": "New",
        "return": -0.023905,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-04",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.077407,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-22",
        "end": "2025-09-05",
        "tenure": "New",
        "return": -0.037038,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-12",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.137255,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.159876,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-12",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.045977,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-16",
        "end": "2026-02-27",
        "tenure": "Developing",
        "return": 0.329412,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-03-06",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.11215,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.288889,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": -0.12,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.02439,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 1.271466,
        "volume": 589052,
        "typical_volume": 485316.65,
        "trend": 1.198291,
        "fair_value": 1.221805,
        "relative_strength": -1.068603,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.785908,
        "energy": 50.019614,
        "activity_lines": [
          1.243244,
          1.186585,
          1.137946,
          1.139436
        ]
      },
      {
        "date": "2023-08-25",
        "close": 1.194698,
        "volume": 386289,
        "typical_volume": 443552.7,
        "trend": 1.185144,
        "fair_value": 1.221625,
        "relative_strength": -7.542135,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.746646,
        "energy": 54.2587,
        "activity_lines": [
          1.239799,
          1.192869,
          1.146477,
          1.139204
        ]
      },
      {
        "date": "2023-09-01",
        "close": 1.204294,
        "volume": 95572,
        "typical_volume": 428884.25,
        "trend": 1.171839,
        "fair_value": 1.221511,
        "relative_strength": -7.948031,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 30.869154,
        "energy": 50.720448,
        "activity_lines": [
          1.232442,
          1.199738,
          1.155368,
          1.140439
        ]
      },
      {
        "date": "2023-09-08",
        "close": 1.209092,
        "volume": 82793,
        "typical_volume": 417221.05,
        "trend": 1.159172,
        "fair_value": 1.22143,
        "relative_strength": -7.345614,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.662704,
        "energy": 25.156823,
        "activity_lines": [
          1.221247,
          1.207363,
          1.16405,
          1.142843
        ]
      },
      {
        "date": "2023-09-15",
        "close": 1.161112,
        "volume": 226136,
        "typical_volume": 400519.85,
        "trend": 1.145859,
        "fair_value": 1.221039,
        "relative_strength": -13.182627,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 10.21043,
        "energy": 9.351018,
        "activity_lines": [
          1.194378,
          1.204149,
          1.167426,
          1.142968
        ]
      },
      {
        "date": "2023-09-22",
        "close": 1.122728,
        "volume": 170166,
        "typical_volume": 403021.35,
        "trend": 1.130313,
        "fair_value": 1.220404,
        "relative_strength": -15.141047,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 24.802278,
        "energy": 17.972226,
        "activity_lines": [
          1.16591,
          1.192672,
          1.16664,
          1.141476
        ]
      },
      {
        "date": "2023-09-29",
        "close": 1.132324,
        "volume": 295523,
        "typical_volume": 404080.75,
        "trend": 1.113098,
        "fair_value": 1.21984,
        "relative_strength": -13.008572,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.532836,
        "energy": 19.242791,
        "activity_lines": [
          1.150556,
          1.181874,
          1.166432,
          1.141605
        ]
      },
      {
        "date": "2023-10-06",
        "close": 0.911617,
        "volume": 527851,
        "typical_volume": 411669.55,
        "trend": 1.107377,
        "fair_value": 1.222359,
        "relative_strength": -28.236262,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -43.476689,
        "energy": 38.514059,
        "activity_lines": [
          1.065792,
          1.130143,
          1.144675,
          1.128607
        ]
      },
      {
        "date": "2023-10-13",
        "close": 0.455809,
        "volume": 4543881,
        "typical_volume": 565632.7,
        "trend": 1.086461,
        "fair_value": 1.221972,
        "relative_strength": -64.059835,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -67.563901,
        "energy": 81.895734,
        "activity_lines": [
          0.848604,
          0.999376,
          1.079803,
          1.08657
        ]
      },
      {
        "date": "2023-10-20",
        "close": 0.430859,
        "volume": 8827447,
        "typical_volume": 961666.45,
        "trend": 1.065987,
        "fair_value": 1.221576,
        "relative_strength": -64.591311,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -94.958006,
        "energy": 97.766151,
        "activity_lines": [
          0.673317,
          0.877857,
          1.015293,
          1.044273
        ]
      },
      {
        "date": "2023-10-27",
        "close": 0.484596,
        "volume": 3214205,
        "typical_volume": 1100065.25,
        "trend": 1.046985,
        "fair_value": 1.221453,
        "relative_strength": -59.079236,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.174938,
        "energy": 93.979069,
        "activity_lines": [
          0.564627,
          0.782438,
          0.958893,
          1.006764
        ]
      },
      {
        "date": "2023-11-03",
        "close": 0.475,
        "volume": 2342046,
        "typical_volume": 1205397.6,
        "trend": 1.026869,
        "fair_value": 1.220794,
        "relative_strength": -59.98727,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.749895,
        "energy": 90.745339,
        "activity_lines": [
          0.49528,
          0.699581,
          0.904567,
          0.969862
        ]
      },
      {
        "date": "2023-11-10",
        "close": 0.585354,
        "volume": 1789414,
        "typical_volume": 1276139.25,
        "trend": 1.010908,
        "fair_value": 1.220417,
        "relative_strength": -49.599972,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.471514,
        "energy": 88.604796,
        "activity_lines": [
          0.506539,
          0.649874,
          0.863874,
          0.941377
        ]
      },
      {
        "date": "2023-11-17",
        "close": 0.59495,
        "volume": 699866,
        "typical_volume": 1302501.5,
        "trend": 0.995585,
        "fair_value": 1.220284,
        "relative_strength": -49.008858,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.612556,
        "energy": 79.763632,
        "activity_lines": [
          0.542748,
          0.613165,
          0.827012,
          0.914541
        ]
      },
      {
        "date": "2023-11-24",
        "close": 0.66692,
        "volume": 966957,
        "typical_volume": 1327248.75,
        "trend": 0.982661,
        "fair_value": 1.218973,
        "relative_strength": -41.838828,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.409853,
        "energy": 62.056263,
        "activity_lines": [
          0.593671,
          0.600708,
          0.799375,
          0.893337
        ]
      },
      {
        "date": "2023-12-01",
        "close": 0.665046,
        "volume": 617463,
        "typical_volume": 1340074.1,
        "trend": 0.969754,
        "fair_value": 1.216558,
        "relative_strength": -41.445862,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.90762,
        "energy": 48.653928,
        "activity_lines": [
          0.628231,
          0.596895,
          0.773576,
          0.872845
        ]
      },
      {
        "date": "2023-12-08",
        "close": 0.602397,
        "volume": 368638,
        "typical_volume": 1346623.85,
        "trend": 0.955793,
        "fair_value": 1.212526,
        "relative_strength": -46.227621,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.033081,
        "energy": 43.595805,
        "activity_lines": [
          0.629879,
          0.590013,
          0.743711,
          0.849145
        ]
      },
      {
        "date": "2023-12-15",
        "close": 0.568663,
        "volume": 1068104,
        "typical_volume": 1387222.85,
        "trend": 0.942298,
        "fair_value": 1.209188,
        "relative_strength": -48.469258,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.92517,
        "energy": 44.710478,
        "activity_lines": [
          0.611789,
          0.586633,
          0.712946,
          0.824169
        ]
      },
      {
        "date": "2023-12-22",
        "close": 0.607216,
        "volume": 529756,
        "typical_volume": 1392923.25,
        "trend": 0.928179,
        "fair_value": 1.20543,
        "relative_strength": -44.853481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.59341,
        "energy": 42.930872,
        "activity_lines": [
          0.607662,
          0.596497,
          0.688491,
          0.802551
        ]
      },
      {
        "date": "2023-12-29",
        "close": 0.607216,
        "volume": 63395,
        "typical_volume": 1370227.7,
        "trend": 0.913106,
        "fair_value": 1.201642,
        "relative_strength": -44.080731,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.616535,
        "energy": 45.622793,
        "activity_lines": [
          0.602718,
          0.603609,
          0.666925,
          0.781843
        ]
      },
      {
        "date": "2024-01-05",
        "close": 0.636131,
        "volume": 437720,
        "typical_volume": 1362661.1,
        "trend": 0.897247,
        "fair_value": 1.198373,
        "relative_strength": -39.97228,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.20606,
        "energy": 45.470491,
        "activity_lines": [
          0.611393,
          0.612772,
          0.65155,
          0.763974
        ]
      },
      {
        "date": "2024-01-12",
        "close": 0.669865,
        "volume": 902063,
        "typical_volume": 1388449.8,
        "trend": 0.881876,
        "fair_value": 1.195472,
        "relative_strength": -34.900898,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.822959,
        "energy": 41.388768,
        "activity_lines": [
          0.633239,
          0.625313,
          0.642413,
          0.749304
        ]
      },
      {
        "date": "2024-01-19",
        "close": 0.669865,
        "volume": 690996,
        "typical_volume": 1418221.0,
        "trend": 0.864278,
        "fair_value": 1.192662,
        "relative_strength": -32.279805,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.425927,
        "energy": 32.793268,
        "activity_lines": [
          0.650588,
          0.634311,
          0.635776,
          0.735626
        ]
      },
      {
        "date": "2024-01-26",
        "close": 0.7036,
        "volume": 941493,
        "typical_volume": 1461156.0,
        "trend": 0.851304,
        "fair_value": 1.190372,
        "relative_strength": -29.329648,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.932281,
        "energy": 23.222779,
        "activity_lines": [
          0.672436,
          0.647906,
          0.634896,
          0.72526
        ]
      },
      {
        "date": "2024-02-02",
        "close": 0.780707,
        "volume": 415168,
        "typical_volume": 1470607.6,
        "trend": 0.84098,
        "fair_value": 1.188181,
        "relative_strength": -20.201522,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 10.091778,
        "energy": 24.920644,
        "activity_lines": [
          0.713559,
          0.673546,
          0.643767,
          0.720705
        ]
      },
      {
        "date": "2024-02-09",
        "close": 0.785526,
        "volume": 698311,
        "typical_volume": 1497014.85,
        "trend": 0.831692,
        "fair_value": 1.186052,
        "relative_strength": -18.053572,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 17.498771,
        "energy": 37.023833,
        "activity_lines": [
          0.744724,
          0.697992,
          0.654908,
          0.717127
        ]
      },
      {
        "date": "2024-02-16",
        "close": 0.785526,
        "volume": 153387,
        "typical_volume": 1489908.05,
        "trend": 0.821608,
        "fair_value": 1.184166,
        "relative_strength": -18.377349,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 15.308089,
        "energy": 45.518038,
        "activity_lines": [
          0.765928,
          0.720248,
          0.667655,
          0.714149
        ]
      },
      {
        "date": "2024-02-23",
        "close": 0.785526,
        "volume": 234276,
        "typical_volume": 1475229.3,
        "trend": 0.810368,
        "fair_value": 1.182127,
        "relative_strength": -17.044837,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": 13.374013,
        "energy": 57.534246,
        "activity_lines": [
          0.779422,
          0.739174,
          0.682053,
          0.711821
        ]
      },
      {
        "date": "2024-03-01",
        "close": 0.713238,
        "volume": 854001,
        "typical_volume": 1290735.3,
        "trend": 0.793679,
        "fair_value": 1.179595,
        "relative_strength": -23.06525,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": 7.379638,
        "energy": 38.570742,
        "activity_lines": [
          0.761109,
          0.741014,
          0.690167,
          0.705555
        ]
      },
      {
        "date": "2024-03-08",
        "close": 0.626493,
        "volume": 980773,
        "typical_volume": 898401.6,
        "trend": 0.770261,
        "fair_value": 1.176932,
        "relative_strength": -31.588516,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -36.133719,
        "energy": 19.312618,
        "activity_lines": [
          0.713238,
          0.725155,
          0.688794,
          0.694768
        ]
      },
      {
        "date": "2024-03-15",
        "close": 0.612035,
        "volume": 267947,
        "typical_volume": 751088.7,
        "trend": 0.74828,
        "fair_value": 1.173782,
        "relative_strength": -33.01504,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -42.425438,
        "energy": 34.210808,
        "activity_lines": [
          0.670829,
          0.706316,
          0.685113,
          0.68456
        ]
      },
      {
        "date": "2024-03-22",
        "close": 0.563844,
        "volume": 437257,
        "typical_volume": 655849.25,
        "trend": 0.727252,
        "fair_value": 1.170293,
        "relative_strength": -39.180087,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -56.777865,
        "energy": 50.046983,
        "activity_lines": [
          0.623923,
          0.679153,
          0.676235,
          0.672661
        ]
      },
      {
        "date": "2024-03-29",
        "close": 0.563844,
        "volume": 849443,
        "typical_volume": 608850.7,
        "trend": 0.705903,
        "fair_value": 1.166803,
        "relative_strength": -38.667065,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -63.338818,
        "energy": 56.743352,
        "activity_lines": [
          0.591795,
          0.653919,
          0.666933,
          0.662119
        ]
      },
      {
        "date": "2024-04-05",
        "close": 0.544567,
        "volume": 495506,
        "typical_volume": 598632.7,
        "trend": 0.683752,
        "fair_value": 1.163372,
        "relative_strength": -39.74754,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -66.268484,
        "energy": 79.011202,
        "activity_lines": [
          0.56802,
          0.627106,
          0.655899,
          0.65171
        ]
      },
      {
        "date": "2024-04-12",
        "close": 0.530109,
        "volume": 626101,
        "typical_volume": 581589.9,
        "trend": 0.662719,
        "fair_value": 1.159788,
        "relative_strength": -41.285497,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.921784,
        "energy": 81.772158,
        "activity_lines": [
          0.550671,
          0.600557,
          0.643727,
          0.641797
        ]
      },
      {
        "date": "2024-04-19",
        "close": 0.510833,
        "volume": 154643,
        "typical_volume": 558448.9,
        "trend": 0.642323,
        "fair_value": 1.155989,
        "relative_strength": -42.029153,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.239131,
        "energy": 85.922493,
        "activity_lines": [
          0.533322,
          0.575059,
          0.630371,
          0.631998
        ]
      },
      {
        "date": "2024-04-26",
        "close": 0.520471,
        "volume": 105470,
        "typical_volume": 545290.5,
        "trend": 0.621927,
        "fair_value": 1.152585,
        "relative_strength": -42.005105,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": -43.805328,
        "energy": 71.748994,
        "activity_lines": [
          0.525933,
          0.556308,
          0.618668,
          0.624137
        ]
      },
      {
        "date": "2024-05-03",
        "close": 0.51276,
        "volume": 301297,
        "typical_volume": 506950.15,
        "trend": 0.608632,
        "fair_value": 1.14889,
        "relative_strength": -42.648256,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.471953,
        "energy": 72.89954,
        "activity_lines": [
          0.518865,
          0.540974,
          0.60662,
          0.617094
        ]
      },
      {
        "date": "2024-05-10",
        "close": 0.539748,
        "volume": 556421,
        "typical_volume": 508283.4,
        "trend": 0.61143,
        "fair_value": 1.145428,
        "relative_strength": -40.49495,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.020153,
        "energy": 47.333764,
        "activity_lines": [
          0.524198,
          0.535507,
          0.597408,
          0.61265
        ]
      },
      {
        "date": "2024-05-17",
        "close": 0.612035,
        "volume": 358398,
        "typical_volume": 523033.55,
        "trend": 0.617469,
        "fair_value": 1.142429,
        "relative_strength": -31.773083,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -48.0465,
        "energy": 35.299912,
        "activity_lines": [
          0.553948,
          0.546337,
          0.595402,
          0.612689
        ]
      },
      {
        "date": "2024-05-24",
        "close": 0.506014,
        "volume": 1922753,
        "typical_volume": 597285.2,
        "trend": 0.618183,
        "fair_value": 1.139115,
        "relative_strength": -42.118952,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.249014,
        "energy": 36.180826,
        "activity_lines": [
          0.542896,
          0.538153,
          0.583276,
          0.605498
        ]
      },
      {
        "date": "2024-05-31",
        "close": 0.496375,
        "volume": 506573,
        "typical_volume": 577510.7,
        "trend": 0.618896,
        "fair_value": 1.135952,
        "relative_strength": -42.092001,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.100971,
        "energy": 41.601807,
        "activity_lines": [
          0.528953,
          0.530144,
          0.570852,
          0.597639
        ]
      },
      {
        "date": "2024-06-07",
        "close": 0.491556,
        "volume": 184188,
        "typical_volume": 552170.3,
        "trend": 0.615769,
        "fair_value": 1.133031,
        "relative_strength": -41.496072,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.320084,
        "energy": 47.919724,
        "activity_lines": [
          0.515009,
          0.522486,
          0.558795,
          0.589424
        ]
      },
      {
        "date": "2024-06-14",
        "close": 0.46746,
        "volume": 307125,
        "typical_volume": 520451.9,
        "trend": 0.61152,
        "fair_value": 1.130199,
        "relative_strength": -42.711684,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.838299,
        "energy": 77.504796,
        "activity_lines": [
          0.494447,
          0.511761,
          0.545292,
          0.579856
        ]
      },
      {
        "date": "2024-06-21",
        "close": 0.46746,
        "volume": 186402,
        "typical_volume": 509013.6,
        "trend": 0.604871,
        "fair_value": 1.127458,
        "relative_strength": -42.191284,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.665546,
        "energy": 82.84098,
        "activity_lines": [
          0.478705,
          0.502439,
          0.532914,
          0.570561
        ]
      },
      {
        "date": "2024-06-28",
        "close": 0.457822,
        "volume": 218168,
        "typical_volume": 485006.45,
        "trend": 0.597963,
        "fair_value": 1.124321,
        "relative_strength": -41.858781,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.939143,
        "energy": 82.342539,
        "activity_lines": [
          0.469388,
          0.492502,
          0.521109,
          0.561074
        ]
      },
      {
        "date": "2024-07-05",
        "close": 0.448183,
        "volume": 410198,
        "typical_volume": 497847.0,
        "trend": 0.592823,
        "fair_value": 1.121122,
        "relative_strength": -42.258032,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.999921,
        "energy": 79.848378,
        "activity_lines": [
          0.460071,
          0.481777,
          0.509947,
          0.551411
        ]
      },
      {
        "date": "2024-07-12",
        "close": 0.465051,
        "volume": 364241,
        "typical_volume": 504345.25,
        "trend": 0.589369,
        "fair_value": 1.118031,
        "relative_strength": -39.371022,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.555053,
        "energy": 62.21786,
        "activity_lines": [
          0.459589,
          0.475434,
          0.501998,
          0.543168
        ]
      },
      {
        "date": "2024-07-19",
        "close": 0.462641,
        "volume": 215197,
        "typical_volume": 472405.05,
        "trend": 0.58455,
        "fair_value": 1.114986,
        "relative_strength": -37.870501,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.127192,
        "energy": 53.656149,
        "activity_lines": [
          0.460071,
          0.469519,
          0.495345,
          0.534992
        ]
      },
      {
        "date": "2024-07-26",
        "close": 0.478332,
        "volume": 221026,
        "typical_volume": 434417.7,
        "trend": 0.580254,
        "fair_value": 1.112162,
        "relative_strength": -35.574492,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.697053,
        "energy": 47.162313,
        "activity_lines": [
          0.466104,
          0.46786,
          0.49138,
          0.528139
        ]
      },
      {
        "date": "2024-08-02",
        "close": 0.499808,
        "volume": 375616,
        "typical_volume": 439801.15,
        "trend": 0.57571,
        "fair_value": 1.109082,
        "relative_strength": -30.281594,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.453229,
        "energy": 30.701768,
        "activity_lines": [
          0.478572,
          0.472536,
          0.490166,
          0.522949
        ]
      },
      {
        "date": "2024-08-09",
        "close": 0.512498,
        "volume": 391293,
        "typical_volume": 437502.95,
        "trend": 0.570464,
        "fair_value": 1.105203,
        "relative_strength": -26.621058,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.175932,
        "energy": 20.360635,
        "activity_lines": [
          0.49247,
          0.479632,
          0.490694,
          0.518871
        ]
      },
      {
        "date": "2024-08-16",
        "close": 0.52226,
        "volume": 161597,
        "typical_volume": 403110.65,
        "trend": 0.565544,
        "fair_value": 1.101993,
        "relative_strength": -24.609526,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.40377,
        "energy": 20.958456,
        "activity_lines": [
          0.505335,
          0.48821,
          0.492397,
          0.515761
        ]
      },
      {
        "date": "2024-08-23",
        "close": 0.517379,
        "volume": 397235,
        "typical_volume": 398197.1,
        "trend": 0.559337,
        "fair_value": 1.098509,
        "relative_strength": -23.688685,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.667894,
        "energy": 19.297109,
        "activity_lines": [
          0.512758,
          0.495342,
          0.493834,
          0.512653
        ]
      },
      {
        "date": "2024-08-30",
        "close": 0.532022,
        "volume": 183166,
        "typical_volume": 376050.35,
        "trend": 0.551047,
        "fair_value": 1.094937,
        "relative_strength": -20.140719,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 4.570511,
        "energy": 21.670405,
        "activity_lines": [
          0.521414,
          0.504229,
          0.496794,
          0.510891
        ]
      },
      {
        "date": "2024-09-06",
        "close": 0.536903,
        "volume": 271546,
        "typical_volume": 381895.5,
        "trend": 0.54276,
        "fair_value": 1.091517,
        "relative_strength": -15.524097,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 7.764085,
        "energy": 24.01502,
        "activity_lines": [
          0.528117,
          0.51283,
          0.50021,
          0.509979
        ]
      },
      {
        "date": "2024-09-13",
        "close": 0.527141,
        "volume": 181841,
        "typical_volume": 385714.05,
        "trend": 0.534147,
        "fair_value": 1.08843,
        "relative_strength": -16.176076,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.910633,
        "energy": 26.675425,
        "activity_lines": [
          0.529093,
          0.518218,
          0.502572,
          0.508971
        ]
      },
      {
        "date": "2024-09-20",
        "close": 0.517379,
        "volume": 231633,
        "typical_volume": 382230.85,
        "trend": 0.525209,
        "fair_value": 1.085189,
        "relative_strength": -15.518241,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.526301,
        "energy": 23.623116,
        "activity_lines": [
          0.525839,
          0.520395,
          0.503972,
          0.507889
        ]
      },
      {
        "date": "2024-09-27",
        "close": 0.507617,
        "volume": 81351,
        "typical_volume": 358477.35,
        "trend": 0.518355,
        "fair_value": 1.081521,
        "relative_strength": -16.112759,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 3.462681,
        "energy": 8.774444,
        "activity_lines": [
          0.519657,
          0.519846,
          0.504421,
          0.506754
        ]
      },
      {
        "date": "2024-10-04",
        "close": 0.483213,
        "volume": 251804,
        "typical_volume": 353147.65,
        "trend": 0.513579,
        "fair_value": 1.077636,
        "relative_strength": -18.392397,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -19.219279,
        "energy": 14.468879,
        "activity_lines": [
          0.50599,
          0.514042,
          0.502699,
          0.504487
        ]
      },
      {
        "date": "2024-10-11",
        "close": 0.517379,
        "volume": 152411,
        "typical_volume": 264630.55,
        "trend": 0.510423,
        "fair_value": 1.073576,
        "relative_strength": -12.401249,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 3.412596,
        "energy": 9.004788,
        "activity_lines": [
          0.506966,
          0.514362,
          0.504844,
          0.504732
        ]
      },
      {
        "date": "2024-10-18",
        "close": 0.52226,
        "volume": 121166,
        "typical_volume": 245360.2,
        "trend": 0.509037,
        "fair_value": 1.069455,
        "relative_strength": -12.781662,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 6.91515,
        "energy": 8.303946,
        "activity_lines": [
          0.510871,
          0.515249,
          0.5074,
          0.505496
        ]
      },
      {
        "date": "2024-10-25",
        "close": 0.541784,
        "volume": 202003,
        "typical_volume": 246250.95,
        "trend": 0.508302,
        "fair_value": 1.064185,
        "relative_strength": -8.300797,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 28.490786,
        "energy": 14.775447,
        "activity_lines": [
          0.521609,
          0.519509,
          0.511692,
          0.507609
        ]
      },
      {
        "date": "2024-11-01",
        "close": 0.536903,
        "volume": 205311,
        "typical_volume": 241160.25,
        "trend": 0.508047,
        "fair_value": 1.05864,
        "relative_strength": -8.371158,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 54.839562,
        "energy": 39.993447,
        "activity_lines": [
          0.529093,
          0.522526,
          0.51528,
          0.509454
        ]
      },
      {
        "date": "2024-11-08",
        "close": 0.57595,
        "volume": 326681,
        "typical_volume": 248174.2,
        "trend": 0.509575,
        "fair_value": 1.053741,
        "relative_strength": -0.212247,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 72.272674,
        "energy": 64.113288,
        "activity_lines": [
          0.547641,
          0.532288,
          0.522256,
          0.513835
        ]
      },
      {
        "date": "2024-11-15",
        "close": 0.629641,
        "volume": 189523,
        "typical_volume": 246741.95,
        "trend": 0.513535,
        "fair_value": 1.049641,
        "relative_strength": 9.244347,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.063829,
        "energy": 80.980586,
        "activity_lines": [
          0.577903,
          0.551013,
          0.533829,
          0.521581
        ]
      },
      {
        "date": "2024-11-22",
        "close": 0.590593,
        "volume": 593846,
        "typical_volume": 255924.35,
        "trend": 0.515872,
        "fair_value": 1.046474,
        "relative_strength": 0.482846,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.387686,
        "energy": 74.058521,
        "activity_lines": [
          0.587665,
          0.560953,
          0.540865,
          0.526552
        ]
      },
      {
        "date": "2024-11-29",
        "close": 0.598541,
        "volume": 566361,
        "typical_volume": 266030.35,
        "trend": 0.518732,
        "fair_value": 1.042978,
        "relative_strength": 1.969321,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.332356,
        "energy": 75.794145,
        "activity_lines": [
          0.59552,
          0.571183,
          0.547979,
          0.531886
        ]
      },
      {
        "date": "2024-12-06",
        "close": 0.637789,
        "volume": 329397,
        "typical_volume": 271740.35,
        "trend": 0.522,
        "fair_value": 1.039489,
        "relative_strength": 8.464874,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.533545,
        "energy": 80.056191,
        "activity_lines": [
          0.612675,
          0.587074,
          0.558196,
          0.539567
        ]
      },
      {
        "date": "2024-12-13",
        "close": 0.637789,
        "volume": 324436,
        "typical_volume": 276910.85,
        "trend": 0.522858,
        "fair_value": 1.036457,
        "relative_strength": 8.520781,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.971595,
        "energy": 69.266046,
        "activity_lines": [
          0.623103,
          0.600599,
          0.567579,
          0.547037
        ]
      },
      {
        "date": "2024-12-20",
        "close": 0.632883,
        "volume": 750501,
        "typical_volume": 295655.1,
        "trend": 0.527087,
        "fair_value": 1.033454,
        "relative_strength": 10.577203,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.688311,
        "energy": 67.991641,
        "activity_lines": [
          0.627774,
          0.610421,
          0.575735,
          0.554136
        ]
      },
      {
        "date": "2024-12-27",
        "close": 0.647602,
        "volume": 114364,
        "typical_volume": 281808.65,
        "trend": 0.532128,
        "fair_value": 1.030272,
        "relative_strength": 12.214991,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.772428,
        "energy": 68.573598,
        "activity_lines": [
          0.637135,
          0.620818,
          0.584659,
          0.561911
        ]
      },
      {
        "date": "2025-01-03",
        "close": 0.667226,
        "volume": 138969,
        "typical_volume": 280677.25,
        "trend": 0.537984,
        "fair_value": 1.027551,
        "relative_strength": 14.621901,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.670549,
        "energy": 69.15173,
        "activity_lines": [
          0.649237,
          0.632505,
          0.594809,
          0.570627
        ]
      },
      {
        "date": "2025-01-10",
        "close": 0.667226,
        "volume": 401629,
        "typical_volume": 280896.95,
        "trend": 0.544643,
        "fair_value": 1.02419,
        "relative_strength": 14.498012,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.073954,
        "energy": 68.217873,
        "activity_lines": [
          0.65676,
          0.641912,
          0.604269,
          0.578965
        ]
      },
      {
        "date": "2025-01-17",
        "close": 0.701568,
        "volume": 239397,
        "typical_volume": 283708.5,
        "trend": 0.552446,
        "fair_value": 1.020563,
        "relative_strength": 16.989583,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.956862,
        "energy": 76.262303,
        "activity_lines": [
          0.673767,
          0.655192,
          0.616286,
          0.589089
        ]
      },
      {
        "date": "2025-01-24",
        "close": 0.68685,
        "volume": 279381,
        "typical_volume": 284100.25,
        "trend": 0.56008,
        "fair_value": 1.017358,
        "relative_strength": 14.929426,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.898312,
        "energy": 71.931762,
        "activity_lines": [
          0.681617,
          0.663513,
          0.626093,
          0.59776
        ]
      },
      {
        "date": "2025-01-31",
        "close": 0.642696,
        "volume": 284193,
        "typical_volume": 289217.85,
        "trend": 0.566564,
        "fair_value": 1.014053,
        "relative_strength": 6.239805,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.475236,
        "energy": 53.008809,
        "activity_lines": [
          0.671151,
          0.662766,
          0.630982,
          0.60309
        ]
      },
      {
        "date": "2025-02-07",
        "close": 0.672132,
        "volume": 379280,
        "typical_volume": 296600.2,
        "trend": 0.573467,
        "fair_value": 1.010876,
        "relative_strength": 11.582009,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.309637,
        "energy": 50.725161,
        "activity_lines": [
          0.670824,
          0.666423,
          0.638124,
          0.609901
        ]
      },
      {
        "date": "2025-02-14",
        "close": 0.598541,
        "volume": 222566,
        "typical_volume": 303660.95,
        "trend": 0.577997,
        "fair_value": 1.007349,
        "relative_strength": -0.074277,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 34.292882,
        "energy": 23.70447,
        "activity_lines": [
          0.645639,
          0.655362,
          0.63752,
          0.611519
        ]
      },
      {
        "date": "2025-02-21",
        "close": 0.593635,
        "volume": 94633,
        "typical_volume": 295802.4,
        "trend": 0.58184,
        "fair_value": 1.003973,
        "relative_strength": 0.887423,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.942122,
        "energy": 22.505806,
        "activity_lines": [
          0.623398,
          0.644123,
          0.636016,
          0.612528
        ]
      },
      {
        "date": "2025-02-28",
        "close": 0.544574,
        "volume": 378527,
        "typical_volume": 307108.2,
        "trend": 0.583332,
        "fair_value": 0.9994,
        "relative_strength": -8.223578,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -17.463152,
        "energy": 30.429474,
        "activity_lines": [
          0.592,
          0.624766,
          0.629313,
          0.610124
        ]
      },
      {
        "date": "2025-03-07",
        "close": 0.500419,
        "volume": 229199,
        "typical_volume": 312509.85,
        "trend": 0.58293,
        "fair_value": 0.994118,
        "relative_strength": -13.809806,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -49.14956,
        "energy": 54.233292,
        "activity_lines": [
          0.555367,
          0.598987,
          0.618276,
          0.604774
        ]
      },
      {
        "date": "2025-03-14",
        "close": 0.485701,
        "volume": 363565,
        "typical_volume": 320587.95,
        "trend": 0.581711,
        "fair_value": 0.987738,
        "relative_strength": -15.325089,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -47.119723,
        "energy": 75.0848,
        "activity_lines": [
          0.523314,
          0.573208,
          0.605941,
          0.598502
        ]
      },
      {
        "date": "2025-03-21",
        "close": 0.483739,
        "volume": 728481,
        "typical_volume": 346746.45,
        "trend": 0.58059,
        "fair_value": 0.981771,
        "relative_strength": -15.437783,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.338124,
        "energy": 75.337918,
        "activity_lines": [
          0.503036,
          0.550372,
          0.593686,
          0.592181
        ]
      },
      {
        "date": "2025-03-28",
        "close": 0.451359,
        "volume": 305797,
        "typical_volume": 345702.25,
        "trend": 0.577901,
        "fair_value": 0.975474,
        "relative_strength": -20.776036,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -55.650951,
        "energy": 82.804654,
        "activity_lines": [
          0.479618,
          0.524986,
          0.578601,
          0.583843
        ]
      },
      {
        "date": "2025-04-04",
        "close": 0.415054,
        "volume": 374730,
        "typical_volume": 354962.6,
        "trend": 0.573839,
        "fair_value": 0.968428,
        "relative_strength": -21.288399,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -86.724922,
        "energy": 93.852089,
        "activity_lines": [
          0.453583,
          0.497547,
          0.560652,
          0.573337
        ]
      },
      {
        "date": "2025-04-11",
        "close": 0.426828,
        "volume": 583906,
        "typical_volume": 354465.6,
        "trend": 0.570496,
        "fair_value": 0.961214,
        "relative_strength": -17.825972,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.395276,
        "energy": 87.36931,
        "activity_lines": [
          0.440107,
          0.477191,
          0.544845,
          0.563852
        ]
      },
      {
        "date": "2025-04-18",
        "close": 0.500419,
        "volume": 452368,
        "typical_volume": 348765.95,
        "trend": 0.56993,
        "fair_value": 0.953558,
        "relative_strength": -7.168668,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.278316,
        "energy": 62.000271,
        "activity_lines": [
          0.456068,
          0.474141,
          0.536827,
          0.559331
        ]
      },
      {
        "date": "2025-04-25",
        "close": 0.500419,
        "volume": 267763,
        "typical_volume": 345684.25,
        "trend": 0.56969,
        "fair_value": 0.946238,
        "relative_strength": -8.587826,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.121397,
        "energy": 51.573148,
        "activity_lines": [
          0.471048,
          0.474212,
          0.529276,
          0.554847
        ]
      },
      {
        "date": "2025-05-02",
        "close": 0.505326,
        "volume": 181201,
        "typical_volume": 338522.5,
        "trend": 0.570428,
        "fair_value": 0.93907,
        "relative_strength": -9.538636,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.47552,
        "energy": 35.351781,
        "activity_lines": [
          0.486552,
          0.476959,
          0.522847,
          0.550694
        ]
      },
      {
        "date": "2025-05-09",
        "close": 0.495513,
        "volume": 170229,
        "typical_volume": 309508.9,
        "trend": 0.569699,
        "fair_value": 0.931657,
        "relative_strength": -10.703395,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.123977,
        "energy": 27.044031,
        "activity_lines": [
          0.495186,
          0.479528,
          0.516114,
          0.545861
        ]
      },
      {
        "date": "2025-05-16",
        "close": 0.490607,
        "volume": 341628,
        "typical_volume": 320872.1,
        "trend": 0.568644,
        "fair_value": 0.924395,
        "relative_strength": -12.488767,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.65878,
        "energy": 24.980799,
        "activity_lines": [
          0.496821,
          0.482097,
          0.509568,
          0.540758
        ]
      },
      {
        "date": "2025-05-23",
        "close": 0.539668,
        "volume": 765276,
        "typical_volume": 352187.45,
        "trend": 0.568573,
        "fair_value": 0.917995,
        "relative_strength": -4.136839,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.713408,
        "energy": 21.953344,
        "activity_lines": [
          0.510559,
          0.493765,
          0.508442,
          0.538889
        ]
      },
      {
        "date": "2025-05-30",
        "close": 0.539668,
        "volume": 234850,
        "typical_volume": 343848.5,
        "trend": 0.568665,
        "fair_value": 0.911687,
        "relative_strength": -4.7749,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -23.929688,
        "energy": 19.752256,
        "activity_lines": [
          0.521679,
          0.504451,
          0.507923,
          0.537024
        ]
      },
      {
        "date": "2025-06-06",
        "close": 0.52495,
        "volume": 670569,
        "typical_volume": 365407.1,
        "trend": 0.566965,
        "fair_value": 0.904706,
        "relative_strength": -8.052429,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -13.056415,
        "energy": 16.050443,
        "activity_lines": [
          0.525277,
          0.511445,
          0.50661,
          0.534204
        ]
      },
      {
        "date": "2025-06-13",
        "close": 0.49257,
        "volume": 391734,
        "typical_volume": 371024.75,
        "trend": 0.562396,
        "fair_value": 0.897822,
        "relative_strength": -13.803473,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.539857,
        "energy": 17.209001,
        "activity_lines": [
          0.516773,
          0.511213,
          0.503055,
          0.529404
        ]
      },
      {
        "date": "2025-06-20",
        "close": 0.485701,
        "volume": 172828,
        "typical_volume": 365456.5,
        "trend": 0.5589,
        "fair_value": 0.89065,
        "relative_strength": -14.234709,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -37.527006,
        "energy": 20.224438,
        "activity_lines": [
          0.506176,
          0.508323,
          0.49977,
          0.524456
        ]
      },
      {
        "date": "2025-06-27",
        "close": 0.480795,
        "volume": 170559,
        "typical_volume": 355020.45,
        "trend": 0.554975,
        "fair_value": 0.884086,
        "relative_strength": -15.298303,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.9667,
        "energy": 29.936529,
        "activity_lines": [
          0.49427,
          0.50347,
          0.496766,
          0.519417
        ]
      },
      {
        "date": "2025-07-04",
        "close": 0.461171,
        "volume": 754456,
        "typical_volume": 381614.95,
        "trend": 0.549088,
        "fair_value": 0.877822,
        "relative_strength": -18.919407,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.676033,
        "energy": 47.286685,
        "activity_lines": [
          0.479749,
          0.495406,
          0.492803,
          0.513365
        ]
      },
      {
        "date": "2025-07-11",
        "close": 0.485701,
        "volume": 405943,
        "typical_volume": 397180.45,
        "trend": 0.544018,
        "fair_value": 0.872476,
        "relative_strength": -15.684554,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.054768,
        "energy": 42.720377,
        "activity_lines": [
          0.478636,
          0.492516,
          0.491831,
          0.509276
        ]
      },
      {
        "date": "2025-07-18",
        "close": 0.482758,
        "volume": 296654,
        "typical_volume": 393086.8,
        "trend": 0.539014,
        "fair_value": 0.865864,
        "relative_strength": -16.595093,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.902394,
        "energy": 43.99383,
        "activity_lines": [
          0.47916,
          0.489448,
          0.491093,
          0.505323
        ]
      },
      {
        "date": "2025-07-25",
        "close": 0.486931,
        "volume": 249223,
        "typical_volume": 394088.0,
        "trend": 0.533658,
        "fair_value": 0.859031,
        "relative_strength": -16.948971,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.762052,
        "energy": 33.236299,
        "activity_lines": [
          0.481728,
          0.48737,
          0.491047,
          0.501963
        ]
      },
      {
        "date": "2025-08-01",
        "close": 0.476994,
        "volume": 419258,
        "typical_volume": 396872.65,
        "trend": 0.527317,
        "fair_value": 0.852318,
        "relative_strength": -17.970394,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.096048,
        "energy": 27.991923,
        "activity_lines": [
          0.480903,
          0.483552,
          0.490118,
          0.498307
        ]
      },
      {
        "date": "2025-08-08",
        "close": 0.476994,
        "volume": 224416,
        "typical_volume": 371669.4,
        "trend": 0.520976,
        "fair_value": 0.845727,
        "relative_strength": -17.961322,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.359961,
        "energy": 26.740133,
        "activity_lines": [
          0.48033,
          0.480874,
          0.489231,
          0.495061
        ]
      },
      {
        "date": "2025-08-15",
        "close": 0.496869,
        "volume": 460548,
        "typical_volume": 379406.95,
        "trend": 0.514153,
        "fair_value": 0.839019,
        "relative_strength": -14.729733,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.116359,
        "energy": 16.075647,
        "activity_lines": [
          0.485328,
          0.482949,
          0.490269,
          0.493506
        ]
      },
      {
        "date": "2025-08-22",
        "close": 0.536618,
        "volume": 333387,
        "typical_volume": 377339.8,
        "trend": 0.509145,
        "fair_value": 0.832505,
        "relative_strength": -9.586926,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.315909,
        "energy": 8.700204,
        "activity_lines": [
          0.502831,
          0.492762,
          0.494876,
          0.494955
        ]
      },
      {
        "date": "2025-08-29",
        "close": 0.524196,
        "volume": 223241,
        "typical_volume": 359306.55,
        "trend": 0.505195,
        "fair_value": 0.826369,
        "relative_strength": -10.215646,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.878304,
        "energy": 23.448834,
        "activity_lines": [
          0.512603,
          0.499515,
          0.497721,
          0.495926
        ]
      },
      {
        "date": "2025-09-05",
        "close": 0.516743,
        "volume": 260575,
        "typical_volume": 349716.9,
        "trend": 0.500015,
        "fair_value": 0.820186,
        "relative_strength": -11.438317,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.977642,
        "energy": 34.085538,
        "activity_lines": [
          0.517406,
          0.504213,
          0.499392,
          0.496671
        ]
      },
      {
        "date": "2025-09-12",
        "close": 0.633508,
        "volume": 1093032,
        "typical_volume": 390980.35,
        "trend": 0.501181,
        "fair_value": 0.81469,
        "relative_strength": 7.547382,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.64282,
        "energy": 81.382106,
        "activity_lines": [
          0.55848,
          0.529488,
          0.512106,
          0.505283
        ]
      },
      {
        "date": "2025-09-19",
        "close": 0.650898,
        "volume": 797179,
        "typical_volume": 421779.25,
        "trend": 0.50309,
        "fair_value": 0.809366,
        "relative_strength": 11.037033,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.702381,
        "energy": 88.346429,
        "activity_lines": [
          0.594917,
          0.554791,
          0.525843,
          0.514943
        ]
      },
      {
        "date": "2025-09-26",
        "close": 0.650898,
        "volume": 411372,
        "typical_volume": 433836.4,
        "trend": 0.506634,
        "fair_value": 0.804439,
        "relative_strength": 9.920256,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.982855,
        "energy": 89.197989,
        "activity_lines": [
          0.621086,
          0.57709,
          0.538886,
          0.524479
        ]
      },
      {
        "date": "2025-10-03",
        "close": 0.591274,
        "volume": 690947,
        "typical_volume": 451302.35,
        "trend": 0.509662,
        "fair_value": 0.799069,
        "relative_strength": -2.437129,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.240583,
        "energy": 80.713441,
        "activity_lines": [
          0.619761,
          0.585492,
          0.545511,
          0.529939
        ]
      },
      {
        "date": "2025-10-10",
        "close": 0.568915,
        "volume": 358387,
        "typical_volume": 430957.9,
        "trend": 0.512436,
        "fair_value": 0.794106,
        "relative_strength": -5.424584,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.030052,
        "energy": 54.34032,
        "activity_lines": [
          0.606511,
          0.587931,
          0.549527,
          0.533762
        ]
      },
      {
        "date": "2025-10-17",
        "close": 0.546556,
        "volume": 371878,
        "typical_volume": 437809.3,
        "trend": 0.51453,
        "fair_value": 0.789212,
        "relative_strength": -8.321331,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.230601,
        "energy": 31.919087,
        "activity_lines": [
          0.58233,
          0.584634,
          0.551275,
          0.535963
        ]
      },
      {
        "date": "2025-10-24",
        "close": 0.541587,
        "volume": 243353,
        "typical_volume": 416448.5,
        "trend": 0.517538,
        "fair_value": 0.785051,
        "relative_strength": -11.64141,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.114176,
        "energy": 22.658446,
        "activity_lines": [
          0.56229,
          0.579168,
          0.552516,
          0.537709
        ]
      },
      {
        "date": "2025-10-31",
        "close": 0.56643,
        "volume": 444703,
        "typical_volume": 419096.95,
        "trend": 0.522583,
        "fair_value": 0.779857,
        "relative_strength": -8.065223,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.97757,
        "energy": 22.529965,
        "activity_lines": [
          0.557818,
          0.577407,
          0.556044,
          0.540863
        ]
      },
      {
        "date": "2025-11-07",
        "close": 0.596242,
        "volume": 396624,
        "typical_volume": 430286.75,
        "trend": 0.528231,
        "fair_value": 0.774458,
        "relative_strength": -2.591126,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.918843,
        "energy": 21.088999,
        "activity_lines": [
          0.568915,
          0.580523,
          0.56206,
          0.545615
        ]
      },
      {
        "date": "2025-11-14",
        "close": 0.576368,
        "volume": 351136,
        "typical_volume": 439315.6,
        "trend": 0.530762,
        "fair_value": 0.768718,
        "relative_strength": -5.454837,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.213296,
        "energy": 17.678858,
        "activity_lines": [
          0.573055,
          0.578717,
          0.565657,
          0.548721
        ]
      },
      {
        "date": "2025-11-21",
        "close": 0.506806,
        "volume": 764699,
        "typical_volume": 439827.75,
        "trend": 0.530975,
        "fair_value": 0.761829,
        "relative_strength": -15.005189,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.634071,
        "energy": 7.641588,
        "activity_lines": [
          0.553512,
          0.563178,
          0.562173,
          0.547175
        ]
      },
      {
        "date": "2025-11-28",
        "close": 0.485,
        "volume": 426209,
        "typical_volume": 440841.05,
        "trend": 0.530298,
        "fair_value": 0.754905,
        "relative_strength": -19.622882,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -22.958177,
        "energy": 18.137884,
        "activity_lines": [
          0.529349,
          0.545979,
          0.556396,
          0.544209
        ]
      },
      {
        "date": "2025-12-05",
        "close": 0.455,
        "volume": 364590,
        "typical_volume": 444237.85,
        "trend": 0.528947,
        "fair_value": 0.747635,
        "relative_strength": -23.473344,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -31.989146,
        "energy": 39.570956,
        "activity_lines": [
          0.49896,
          0.526341,
          0.547764,
          0.539351
        ]
      },
      {
        "date": "2025-12-12",
        "close": 0.435,
        "volume": 596252,
        "typical_volume": 461589.3,
        "trend": 0.527094,
        "fair_value": 0.740451,
        "relative_strength": -25.965544,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.64802,
        "energy": 61.352085,
        "activity_lines": [
          0.469332,
          0.506629,
          0.53736,
          0.53329
        ]
      },
      {
        "date": "2025-12-19",
        "close": 0.453,
        "volume": 347916,
        "typical_volume": 458022.2,
        "trend": 0.524205,
        "fair_value": 0.733076,
        "relative_strength": -24.057249,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.909002,
        "energy": 62.033022,
        "activity_lines": [
          0.456454,
          0.49303,
          0.528918,
          0.52851
        ]
      },
      {
        "date": "2025-12-26",
        "close": 0.46,
        "volume": 178335,
        "typical_volume": 455718.15,
        "trend": 0.521549,
        "fair_value": 0.725746,
        "relative_strength": -21.855796,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.240198,
        "energy": 63.409373,
        "activity_lines": [
          0.454133,
          0.482812,
          0.521257,
          0.524368
        ]
      },
      {
        "date": "2026-01-02",
        "close": 0.455,
        "volume": 129712,
        "typical_volume": 439176.35,
        "trend": 0.519217,
        "fair_value": 0.717895,
        "relative_strength": -22.444168,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.819575,
        "energy": 61.297548,
        "activity_lines": [
          0.453267,
          0.473259,
          0.5132,
          0.520074
        ]
      },
      {
        "date": "2026-01-09",
        "close": 0.455,
        "volume": 369557,
        "typical_volume": 440984.85,
        "trend": 0.517965,
        "fair_value": 0.708912,
        "relative_strength": -22.868705,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -60.110488,
        "energy": 58.755242,
        "activity_lines": [
          0.4544,
          0.46528,
          0.505342,
          0.515931
        ]
      },
      {
        "date": "2026-01-16",
        "close": 0.425,
        "volume": 317194,
        "typical_volume": 445682.5,
        "trend": 0.515942,
        "fair_value": 0.700976,
        "relative_strength": -27.756726,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.325383,
        "energy": 62.124156,
        "activity_lines": [
          0.445533,
          0.453872,
          0.495017,
          0.509933
        ]
      },
      {
        "date": "2026-01-23",
        "close": 0.435,
        "volume": 699065,
        "typical_volume": 467607.0,
        "trend": 0.514415,
        "fair_value": 0.693578,
        "relative_strength": -24.428707,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.4359,
        "energy": 58.74773,
        "activity_lines": [
          0.440667,
          0.447396,
          0.486116,
          0.504711
        ]
      },
      {
        "date": "2026-01-30",
        "close": 0.455,
        "volume": 845720,
        "typical_volume": 455241.4,
        "trend": 0.51421,
        "fair_value": 0.686216,
        "relative_strength": -20.77911,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.715711,
        "energy": 46.1895,
        "activity_lines": [
          0.443667,
          0.447127,
          0.479509,
          0.500878
        ]
      },
      {
        "date": "2026-02-06",
        "close": 0.492,
        "volume": 741692,
        "typical_volume": 452467.05,
        "trend": 0.51442,
        "fair_value": 0.679183,
        "relative_strength": -14.674936,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.769674,
        "energy": 34.632317,
        "activity_lines": [
          0.459333,
          0.454527,
          0.477275,
          0.499445
        ]
      },
      {
        "date": "2026-02-13",
        "close": 0.53,
        "volume": 633506,
        "typical_volume": 463573.75,
        "trend": 0.515994,
        "fair_value": 0.672577,
        "relative_strength": -8.193408,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -15.575023,
        "energy": 17.49727,
        "activity_lines": [
          0.4852,
          0.468709,
          0.479418,
          0.500451
        ]
      },
      {
        "date": "2026-02-20",
        "close": 0.5425,
        "volume": 538761,
        "typical_volume": 455964.45,
        "trend": 0.517847,
        "fair_value": 0.665868,
        "relative_strength": -7.570695,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 9.596512,
        "energy": 26.004291,
        "activity_lines": [
          0.510233,
          0.4838,
          0.483327,
          0.502161
        ]
      },
      {
        "date": "2026-02-27",
        "close": 0.565,
        "volume": 542565,
        "typical_volume": 465173.35,
        "trend": 0.52078,
        "fair_value": 0.658921,
        "relative_strength": -5.378551,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 36.672253,
        "energy": 43.371619,
        "activity_lines": [
          0.534933,
          0.501027,
          0.48961,
          0.505203
        ]
      },
      {
        "date": "2026-03-06",
        "close": 0.535,
        "volume": 611653,
        "typical_volume": 477162.1,
        "trend": 0.522714,
        "fair_value": 0.655407,
        "relative_strength": -4.762419,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 22.949015,
        "energy": 38.126471,
        "activity_lines": [
          0.540967,
          0.510764,
          0.493056,
          0.50612
        ]
      },
      {
        "date": "2026-03-13",
        "close": 0.54,
        "volume": 415307,
        "typical_volume": 485759.8,
        "trend": 0.524151,
        "fair_value": 0.651924,
        "relative_strength": -3.527624,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.595175,
        "energy": 46.6371,
        "activity_lines": [
          0.543333,
          0.520045,
          0.497032,
          0.507235
        ]
      },
      {
        "date": "2026-03-20",
        "close": 0.475,
        "volume": 229492,
        "typical_volume": 474999.25,
        "trend": 0.522097,
        "fair_value": 0.64827,
        "relative_strength": -11.956264,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -14.32175,
        "energy": 18.240835,
        "activity_lines": [
          0.520833,
          0.515964,
          0.494826,
          0.504064
        ]
      },
      {
        "date": "2026-03-27",
        "close": 0.45,
        "volume": 673362,
        "typical_volume": 488836.15,
        "trend": 0.519624,
        "fair_value": 0.644394,
        "relative_strength": -16.795725,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -45.15169,
        "energy": 24.564265,
        "activity_lines": [
          0.493667,
          0.506973,
          0.490674,
          0.499413
        ]
      },
      {
        "date": "2026-04-03",
        "close": 0.475,
        "volume": 507822,
        "typical_volume": 496670.45,
        "trend": 0.518233,
        "fair_value": 0.640525,
        "relative_strength": -15.940143,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -38.051517,
        "energy": 27.545313,
        "activity_lines": [
          0.481,
          0.502073,
          0.489599,
          0.496534
        ]
      },
      {
        "date": "2026-04-10",
        "close": 0.485,
        "volume": 497463,
        "typical_volume": 483308.65,
        "trend": 0.513282,
        "fair_value": 0.636812,
        "relative_strength": -15.263974,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -38.887869,
        "energy": 30.477535,
        "activity_lines": [
          0.477667,
          0.498264,
          0.48996,
          0.49439
        ]
      },
      {
        "date": "2026-04-17",
        "close": 0.535,
        "volume": 1920183,
        "typical_volume": 558007.35,
        "trend": 0.509419,
        "fair_value": 0.633481,
        "relative_strength": -6.773691,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -18.70802,
        "energy": 14.183224,
        "activity_lines": [
          0.494333,
          0.503,
          0.495186,
          0.495791
        ]
      },
      {
        "date": "2026-04-24",
        "close": 0.524,
        "volume": 1359737,
        "typical_volume": 607764.7,
        "trend": 0.505189,
        "fair_value": 0.63008,
        "relative_strength": -5.850221,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 18.432652,
        "energy": 10.566383,
        "activity_lines": [
          0.507667,
          0.504955,
          0.499126,
          0.496732
        ]
      },
      {
        "date": "2026-05-01",
        "close": 0.58,
        "volume": 1587317,
        "typical_volume": 657317.95,
        "trend": 0.504813,
        "fair_value": 0.627053,
        "relative_strength": 4.470071,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 38.594615,
        "energy": 38.875587,
        "activity_lines": [
          0.5364,
          0.5172,
          0.508071,
          0.501558
        ]
      },
      {
        "date": "2026-05-08",
        "close": 0.75,
        "volume": 2954077,
        "typical_volume": 787626.0,
        "trend": 0.51085,
        "fair_value": 0.625314,
        "relative_strength": 36.066612,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.882639,
        "energy": 81.438791,
        "activity_lines": [
          0.613133,
          0.559673,
          0.532517,
          0.517377
        ]
      },
      {
        "date": "2026-05-15",
        "close": 0.77,
        "volume": 1301219,
        "typical_volume": 843770.2,
        "trend": 0.518298,
        "fair_value": 0.624009,
        "relative_strength": 39.265286,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.337425,
        "energy": 91.071842,
        "activity_lines": [
          0.6782,
          0.602418,
          0.557452,
          0.534096
        ]
      },
      {
        "date": "2026-05-22",
        "close": 0.72,
        "volume": 650766,
        "typical_volume": 869822.9,
        "trend": 0.524245,
        "fair_value": 0.622017,
        "relative_strength": 26.54239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.49071,
        "energy": 87.335304,
        "activity_lines": [
          0.7076,
          0.6318,
          0.57615,
          0.547109
        ]
      },
      {
        "date": "2026-05-29",
        "close": 0.695,
        "volume": 1220704,
        "typical_volume": 912380.25,
        "trend": 0.528531,
        "fair_value": 0.619681,
        "relative_strength": 22.589827,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.147709,
        "energy": 84.250127,
        "activity_lines": [
          0.716333,
          0.653364,
          0.591205,
          0.558126
        ]
      },
      {
        "date": "2026-06-05",
        "close": 0.685,
        "volume": 894290,
        "typical_volume": 941235.05,
        "trend": 0.531489,
        "fair_value": 0.616945,
        "relative_strength": 21.021038,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.467454,
        "energy": 74.095367,
        "activity_lines": [
          0.710333,
          0.669109,
          0.604164,
          0.56822
        ]
      },
      {
        "date": "2026-06-12",
        "close": 0.66,
        "volume": 24906,
        "typical_volume": 907527.1,
        "trend": 0.534277,
        "fair_value": 0.613926,
        "relative_strength": 15.151519,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.739508,
        "energy": 48.559039,
        "activity_lines": [
          0.689,
          0.676036,
          0.613505,
          0.576511
        ]
      },
      {
        "date": "2026-06-19",
        "close": 0.7,
        "volume": 50154,
        "typical_volume": 867748.8,
        "trend": 0.540717,
        "fair_value": 0.610734,
        "relative_strength": 22.881435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.892264,
        "energy": 44.643117,
        "activity_lines": [
          0.687,
          0.686873,
          0.625583,
          0.587203
        ]
      },
      {
        "date": "2026-06-26",
        "close": 0.66,
        "volume": 73549,
        "typical_volume": 834341.65,
        "trend": 0.54655,
        "fair_value": 0.60796,
        "relative_strength": 13.93866,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.430984,
        "energy": 33.081255,
        "activity_lines": [
          0.676333,
          0.686527,
          0.632686,
          0.594899
        ]
      },
      {
        "date": "2026-07-03",
        "close": 0.615,
        "volume": 293446,
        "typical_volume": 817338.65,
        "trend": 0.551883,
        "fair_value": 0.604912,
        "relative_strength": 4.276518,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.432045,
        "energy": 23.638544,
        "activity_lines": [
          0.654667,
          0.675727,
          0.634702,
          0.599315
        ]
      },
      {
        "date": "2026-07-10",
        "close": 0.585,
        "volume": 430394,
        "typical_volume": 811920.3,
        "trend": 0.556883,
        "fair_value": 0.601841,
        "relative_strength": 0.85737,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.966829,
        "energy": 18.777164,
        "activity_lines": [
          0.628333,
          0.657818,
          0.633457,
          0.601452
        ]
      },
      {
        "date": "2026-07-17",
        "close": 0.625,
        "volume": 505068,
        "typical_volume": 810045.45,
        "trend": 0.562617,
        "fair_value": 0.598872,
        "relative_strength": 6.510105,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.689312,
        "energy": 21.156107,
        "activity_lines": [
          0.622,
          0.647091,
          0.635819,
          0.605846
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.595,
        "volume": 273634,
        "typical_volume": 793144.5,
        "trend": 0.567117,
        "fair_value": 0.59549,
        "relative_strength": 0.044504,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.8587,
        "energy": 15.463389,
        "activity_lines": [
          0.608,
          0.633182,
          0.635038,
          0.607935
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.575,
        "volume": 681674,
        "typical_volume": 806462.85,
        "trend": 0.571117,
        "fair_value": 0.591394,
        "relative_strength": -4.501937,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.158101,
        "energy": 14.701604,
        "activity_lines": [
          0.594333,
          0.618818,
          0.632067,
          0.608444
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.63,
        "volume": 615041,
        "typical_volume": 825740.3,
        "trend": 0.57695,
        "fair_value": 0.586913,
        "relative_strength": 4.122528,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.631617,
        "energy": 12.881674,
        "activity_lines": [
          0.604667,
          0.617091,
          0.634167,
          0.612243
        ]
      }
    ],
    "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."
    }
  }
}