{
  "ticker": {
    "uuid": "77fe7b76-fd0d-43a3-9695-6b37b2567398",
    "symbol": "IB27",
    "name": "iShares V PLC - iShares iBonds Dec 2027 Term \u20ac Corp UCITS ETF EUR Acc",
    "exchange": "MIL",
    "country": "IT",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "FTSEMIB.MI",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 71.636,
    "architecture_energy": 57.441,
    "architecture_maturity": 29.727,
    "architecture_confidence": 75.012,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 8.53,
        "rotation_up": 59.78,
        "upward_expansion": 85.41,
        "deceleration": 50.62,
        "rotation_down": 23.09,
        "downward_expansion": 9.75
      },
      "activity_lines": [
        5.633733,
        5.630873,
        5.622514,
        5.614645
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 5.639,
    "trend_reference": 5.606633,
    "distance_from_trend": 0.005773,
    "trend_direction": "Improving",
    "fair_value": 5.406368,
    "distance_from_fair_value": 0.043029,
    "fair_value_direction": "Improving",
    "relative_strength": -13.689326,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.006425,
    "excess_performance": -0.164467,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.005773,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.003125,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.043029,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.002,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.136893,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020569,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.006425,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.200671,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 134699,
      "relative_activity": 0.998714,
      "balance": 1.200671,
      "dry_up": 1.021024,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.002415,
      "annualized_volatility": 0.010401,
      "from_high_reference": -0.000355,
      "from_low_reference": 0.01879
    },
    "levels": {
      "trend_reference": 5.606633,
      "fair_value_reference": 5.406368,
      "structural_low": 5.555,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": 0.002073,
        "positive_rate": 0.9375,
        "directional_follow_through": 0.9375,
        "median_excess_return": -0.008037,
        "regime_survival": 0.9375,
        "best_return": 0.007709,
        "worst_return": -0.006602,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.006705,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.054388,
        "regime_survival": 1.0,
        "best_return": 0.012849,
        "worst_return": -0.001256,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.0109,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.037312,
        "regime_survival": 1.0,
        "best_return": 0.01964,
        "worst_return": 0.00216,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.021843,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.075631,
        "regime_survival": 1.0,
        "best_return": 0.021843,
        "worst_return": 0.021843,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-21",
        "end": "2026-03-20",
        "tenure": "Extended",
        "return": 0.021843,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-05-15",
        "tenure": "Developing",
        "return": 0.006287,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-22",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.00499,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-09-15",
        "close": 5.023,
        "volume": 11972,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-22",
        "close": 5.001,
        "volume": 30757,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-29",
        "close": 5.004,
        "volume": 93499,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-06",
        "close": 4.9965,
        "volume": 252926,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-13",
        "close": 5.011,
        "volume": 71997,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-20",
        "close": 4.9785,
        "volume": 92402,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 5.009,
        "volume": 72844,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 5.053,
        "volume": 63944,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 5.039,
        "volume": 183616,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 5.071,
        "volume": 143172,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 5.061,
        "volume": 142408,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 5.146,
        "volume": 173447,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 5.144,
        "volume": 76368,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 5.205,
        "volume": 105022,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 5.224,
        "volume": 177107,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 5.224,
        "volume": 52555,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 5.188,
        "volume": 40956,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 5.196,
        "volume": 71831,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 5.177,
        "volume": 98719,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 5.201,
        "volume": 67566,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 5.204,
        "volume": 597891,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 5.174,
        "volume": 124795,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 5.168,
        "volume": 106043,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 5.176,
        "volume": 234392,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 5.175,
        "volume": 173022,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 5.208,
        "volume": 130639,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 5.192,
        "volume": 203018,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 5.208,
        "volume": 522911,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 5.217,
        "volume": 180391,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 5.221,
        "volume": 187112,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 5.213,
        "volume": 80542,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 5.191,
        "volume": 242105,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 5.191,
        "volume": 182310,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 5.208,
        "volume": 131134,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 5.204,
        "volume": 126198,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 5.206,
        "volume": 141442,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 5.2,
        "volume": 114897,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 5.203,
        "volume": 135197,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 5.203,
        "volume": 76508,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 5.233,
        "volume": 102136,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 5.238,
        "volume": 107753,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 5.242,
        "volume": 57909,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 5.249,
        "volume": 113700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 5.267,
        "volume": 163821,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 5.273,
        "volume": 177883,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 5.292,
        "volume": 90437,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 5.313,
        "volume": 91907,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 5.316,
        "volume": 78519,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 5.322,
        "volume": 34751,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 5.331,
        "volume": 136789,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 5.329,
        "volume": 66197,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 5.346,
        "volume": 156125,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 5.353,
        "volume": 150958,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 5.352,
        "volume": 71284,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 5.378,
        "volume": 389273,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 5.374,
        "volume": 121549,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 5.372,
        "volume": 279998,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 5.397,
        "volume": 113708,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 5.39,
        "volume": 250624,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 5.378,
        "volume": 47463,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 5.395,
        "volume": 98492,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 5.406,
        "volume": 184130,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 5.408,
        "volume": 66618,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 5.424,
        "volume": 100430,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 5.426,
        "volume": 89746,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 5.421,
        "volume": 425407,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 5.418,
        "volume": 141136,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 5.419,
        "volume": 59526,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 5.408,
        "volume": 179324,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 5.396,
        "volume": 84168,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 5.41,
        "volume": 92768,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 5.401,
        "volume": 183792,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 5.438,
        "volume": 105053,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 5.44,
        "volume": 277159,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 5.445,
        "volume": 445979,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 5.448,
        "volume": 406027,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 5.459,
        "volume": 146204,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 5.433,
        "volume": 117583,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 5.439,
        "volume": 84075,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 5.448,
        "volume": 86552,
        "typical_volume": 168708.45,
        "trend": 5.405033,
        "fair_value": 5.261762,
        "relative_strength": -9.356951,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.491811,
        "energy": 39.057784,
        "activity_lines": [
          5.444067,
          5.441945,
          5.431476,
          5.421768
        ]
      },
      {
        "date": "2025-03-28",
        "close": 5.462,
        "volume": 149508,
        "typical_volume": 171259.25,
        "trend": 5.409467,
        "fair_value": 5.264235,
        "relative_strength": -8.322707,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.009209,
        "energy": 39.907014,
        "activity_lines": [
          5.4496,
          5.446655,
          5.435086,
          5.425443
        ]
      },
      {
        "date": "2025-04-04",
        "close": 5.458,
        "volume": 153991,
        "typical_volume": 169752.3,
        "trend": 5.4132,
        "fair_value": 5.266598,
        "relative_strength": 2.372526,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.539707,
        "energy": 41.387652,
        "activity_lines": [
          5.452867,
          5.449691,
          5.437995,
          5.428574
        ]
      },
      {
        "date": "2025-04-11",
        "close": 5.464,
        "volume": 179879,
        "typical_volume": 175415.35,
        "trend": 5.4169,
        "fair_value": 5.268976,
        "relative_strength": 4.274866,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.419292,
        "energy": 43.737087,
        "activity_lines": [
          5.4582,
          5.452782,
          5.441229,
          5.431852
        ]
      },
      {
        "date": "2025-04-18",
        "close": 5.49,
        "volume": 68252,
        "typical_volume": 173806.45,
        "trend": 5.4215,
        "fair_value": 5.271607,
        "relative_strength": -0.907548,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.634169,
        "energy": 47.881413,
        "activity_lines": [
          5.470133,
          5.460127,
          5.446671,
          5.436568
        ]
      },
      {
        "date": "2025-04-25",
        "close": 5.491,
        "volume": 188917,
        "typical_volume": 178765.0,
        "trend": 5.425267,
        "fair_value": 5.274188,
        "relative_strength": -4.465603,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.198988,
        "energy": 54.297634,
        "activity_lines": [
          5.479,
          5.466745,
          5.451895,
          5.441052
        ]
      },
      {
        "date": "2025-05-02",
        "close": 5.497,
        "volume": 134551,
        "typical_volume": 164222.2,
        "trend": 5.429367,
        "fair_value": 5.276779,
        "relative_strength": -6.67309,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.110605,
        "energy": 62.646659,
        "activity_lines": [
          5.487,
          5.473618,
          5.457381,
          5.44568
        ]
      },
      {
        "date": "2025-05-09",
        "close": 5.504,
        "volume": 170641,
        "typical_volume": 165697.45,
        "trend": 5.433767,
        "fair_value": 5.279391,
        "relative_strength": -8.90942,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.517894,
        "energy": 67.231116,
        "activity_lines": [
          5.495,
          5.480873,
          5.463171,
          5.450495
        ]
      },
      {
        "date": "2025-05-16",
        "close": 5.502,
        "volume": 109935,
        "typical_volume": 168217.9,
        "trend": 5.437267,
        "fair_value": 5.28192,
        "relative_strength": -11.692925,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.817097,
        "energy": 65.552686,
        "activity_lines": [
          5.499267,
          5.486945,
          5.468362,
          5.454897
        ]
      },
      {
        "date": "2025-05-23",
        "close": 5.514,
        "volume": 90651,
        "typical_volume": 163784.25,
        "trend": 5.4414,
        "fair_value": 5.284528,
        "relative_strength": -8.725707,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.24907,
        "energy": 63.973471,
        "activity_lines": [
          5.505,
          5.493945,
          5.4743,
          5.459847
        ]
      },
      {
        "date": "2025-05-30",
        "close": 5.513,
        "volume": 182369,
        "typical_volume": 168694.3,
        "trend": 5.4459,
        "fair_value": 5.287067,
        "relative_strength": -9.984798,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.541355,
        "energy": 55.37061,
        "activity_lines": [
          5.5088,
          5.4994,
          5.479638,
          5.464467
        ]
      },
      {
        "date": "2025-06-06",
        "close": 5.509,
        "volume": 189879,
        "typical_volume": 173549.85,
        "trend": 5.4497,
        "fair_value": 5.289505,
        "relative_strength": -11.029416,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.643709,
        "energy": 48.016965,
        "activity_lines": [
          5.5098,
          5.502945,
          5.484038,
          5.468538
        ]
      },
      {
        "date": "2025-06-13",
        "close": 5.513,
        "volume": 99779,
        "typical_volume": 169349.2,
        "trend": 5.453267,
        "fair_value": 5.291935,
        "relative_strength": -8.102701,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.233317,
        "energy": 46.775743,
        "activity_lines": [
          5.511333,
          5.506364,
          5.488348,
          5.472622
        ]
      },
      {
        "date": "2025-06-20",
        "close": 5.518,
        "volume": 88862,
        "typical_volume": 168539.65,
        "trend": 5.456933,
        "fair_value": 5.294366,
        "relative_strength": -7.337203,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.115008,
        "energy": 45.20696,
        "activity_lines": [
          5.513933,
          5.509691,
          5.4926,
          5.476798
        ]
      },
      {
        "date": "2025-06-27",
        "close": 5.524,
        "volume": 147845,
        "typical_volume": 162073.95,
        "trend": 5.460267,
        "fair_value": 5.296809,
        "relative_strength": -8.206906,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.469143,
        "energy": 44.845672,
        "activity_lines": [
          5.517467,
          5.513127,
          5.497043,
          5.481125
        ]
      },
      {
        "date": "2025-07-04",
        "close": 5.539,
        "volume": 177264,
        "typical_volume": 148638.2,
        "trend": 5.464033,
        "fair_value": 5.299358,
        "relative_strength": -7.506908,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.683563,
        "energy": 49.611954,
        "activity_lines": [
          5.525333,
          5.518673,
          5.502514,
          5.486204
        ]
      },
      {
        "date": "2025-07-11",
        "close": 5.532,
        "volume": 122083,
        "typical_volume": 134441.0,
        "trend": 5.467733,
        "fair_value": 5.301781,
        "relative_strength": -8.508624,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.300793,
        "energy": 55.515861,
        "activity_lines": [
          5.529133,
          5.522073,
          5.506871,
          5.490589
        ]
      },
      {
        "date": "2025-07-18",
        "close": 5.538,
        "volume": 155388,
        "typical_volume": 134900.2,
        "trend": 5.471733,
        "fair_value": 5.304216,
        "relative_strength": -8.746441,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.501556,
        "energy": 84.65497,
        "activity_lines": [
          5.5334,
          5.525927,
          5.5114,
          5.495123
        ]
      },
      {
        "date": "2025-07-25",
        "close": 5.537,
        "volume": 165135,
        "typical_volume": 137277.8,
        "trend": 5.475667,
        "fair_value": 5.306592,
        "relative_strength": -9.452637,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.756062,
        "energy": 80.779285,
        "activity_lines": [
          5.535667,
          5.528982,
          5.515457,
          5.499333
        ]
      },
      {
        "date": "2025-08-01",
        "close": 5.542,
        "volume": 215718,
        "typical_volume": 143859.95,
        "trend": 5.480133,
        "fair_value": 5.30897,
        "relative_strength": -7.271415,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.823721,
        "energy": 77.759843,
        "activity_lines": [
          5.538333,
          5.532309,
          5.519495,
          5.503613
        ]
      },
      {
        "date": "2025-08-08",
        "close": 5.542,
        "volume": 137719,
        "typical_volume": 146418.3,
        "trend": 5.485,
        "fair_value": 5.3113,
        "relative_strength": -10.624357,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.53483,
        "energy": 72.12123,
        "activity_lines": [
          5.5398,
          5.535127,
          5.523043,
          5.507604
        ]
      },
      {
        "date": "2025-08-15",
        "close": 5.543,
        "volume": 140750,
        "typical_volume": 145980.4,
        "trend": 5.489433,
        "fair_value": 5.313594,
        "relative_strength": -12.41499,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.983989,
        "energy": 55.208359,
        "activity_lines": [
          5.5414,
          5.5376,
          5.526238,
          5.511346
        ]
      },
      {
        "date": "2025-08-22",
        "close": 5.542,
        "volume": 127361,
        "typical_volume": 144648.9,
        "trend": 5.494133,
        "fair_value": 5.315833,
        "relative_strength": -13.415295,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.060773,
        "energy": 51.876313,
        "activity_lines": [
          5.541933,
          5.539273,
          5.528952,
          5.514738
        ]
      },
      {
        "date": "2025-08-29",
        "close": 5.542,
        "volume": 132186,
        "typical_volume": 142264.25,
        "trend": 5.4976,
        "fair_value": 5.318029,
        "relative_strength": -10.854543,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.268712,
        "energy": 47.804615,
        "activity_lines": [
          5.5422,
          5.540418,
          5.531267,
          5.517826
        ]
      },
      {
        "date": "2025-09-05",
        "close": 5.549,
        "volume": 164466,
        "typical_volume": 147074.95,
        "trend": 5.501233,
        "fair_value": 5.32025,
        "relative_strength": -9.1578,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.295629,
        "energy": 49.486403,
        "activity_lines": [
          5.544467,
          5.5424,
          5.533876,
          5.521142
        ]
      },
      {
        "date": "2025-09-12",
        "close": 5.555,
        "volume": 165664,
        "typical_volume": 145912.3,
        "trend": 5.5049,
        "fair_value": 5.322486,
        "relative_strength": -10.767746,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.099256,
        "energy": 52.327293,
        "activity_lines": [
          5.548267,
          5.545018,
          5.536776,
          5.524611
        ]
      },
      {
        "date": "2025-09-19",
        "close": 5.555,
        "volume": 101951,
        "typical_volume": 144282.3,
        "trend": 5.508467,
        "fair_value": 5.324679,
        "relative_strength": -9.909455,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.827537,
        "energy": 52.451036,
        "activity_lines": [
          5.5512,
          5.547345,
          5.539371,
          5.527843
        ]
      },
      {
        "date": "2025-09-26",
        "close": 5.551,
        "volume": 306648,
        "typical_volume": 151082.65,
        "trend": 5.511533,
        "fair_value": 5.326794,
        "relative_strength": -10.387302,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.608846,
        "energy": 49.253511,
        "activity_lines": [
          5.552,
          5.548527,
          5.54131,
          5.530587
        ]
      },
      {
        "date": "2025-10-03",
        "close": 5.561,
        "volume": 142042,
        "typical_volume": 152688.0,
        "trend": 5.5158,
        "fair_value": 5.328963,
        "relative_strength": -11.12632,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.70214,
        "energy": 52.378957,
        "activity_lines": [
          5.555533,
          5.551291,
          5.543976,
          5.533778
        ]
      },
      {
        "date": "2025-10-10",
        "close": 5.567,
        "volume": 263880,
        "typical_volume": 161349.45,
        "trend": 5.520067,
        "fair_value": 5.331147,
        "relative_strength": -8.174932,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.409002,
        "energy": 54.072739,
        "activity_lines": [
          5.5598,
          5.554709,
          5.546933,
          5.537082
        ]
      },
      {
        "date": "2025-10-17",
        "close": 5.574,
        "volume": 175025,
        "typical_volume": 160982.25,
        "trend": 5.524267,
        "fair_value": 5.333355,
        "relative_strength": -7.175541,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.923753,
        "energy": 57.157296,
        "activity_lines": [
          5.5652,
          5.558945,
          5.550305,
          5.540561
        ]
      },
      {
        "date": "2025-10-24",
        "close": 5.576,
        "volume": 218303,
        "typical_volume": 162403.45,
        "trend": 5.528067,
        "fair_value": 5.335541,
        "relative_strength": -8.444694,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.838862,
        "energy": 67.68457,
        "activity_lines": [
          5.57,
          5.562964,
          5.553576,
          5.543899
        ]
      },
      {
        "date": "2025-10-31",
        "close": 5.571,
        "volume": 285758,
        "typical_volume": 171702.4,
        "trend": 5.531833,
        "fair_value": 5.337643,
        "relative_strength": -9.668622,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.675521,
        "energy": 60.960924,
        "activity_lines": [
          5.571733,
          5.565473,
          5.556052,
          5.546669
        ]
      },
      {
        "date": "2025-11-07",
        "close": 5.569,
        "volume": 183803,
        "typical_volume": 176449.45,
        "trend": 5.535333,
        "fair_value": 5.33969,
        "relative_strength": -8.794713,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.53746,
        "energy": 51.012232,
        "activity_lines": [
          5.571467,
          5.567091,
          5.558062,
          5.549067
        ]
      },
      {
        "date": "2025-11-14",
        "close": 5.57,
        "volume": 213873,
        "typical_volume": 179750.85,
        "trend": 5.538,
        "fair_value": 5.341711,
        "relative_strength": -10.630905,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.9835,
        "energy": 44.909266,
        "activity_lines": [
          5.571,
          5.5684,
          5.559924,
          5.551303
        ]
      },
      {
        "date": "2025-11-21",
        "close": 5.57,
        "volume": 237126,
        "typical_volume": 182743.95,
        "trend": 5.540633,
        "fair_value": 5.343696,
        "relative_strength": -7.450358,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.103523,
        "energy": 38.351405,
        "activity_lines": [
          5.570333,
          5.569327,
          5.561567,
          5.553368
        ]
      },
      {
        "date": "2025-11-28",
        "close": 5.576,
        "volume": 415490,
        "typical_volume": 197414.3,
        "trend": 5.543267,
        "fair_value": 5.345698,
        "relative_strength": -8.414872,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.328033,
        "energy": 39.050644,
        "activity_lines": [
          5.571933,
          5.571073,
          5.563633,
          5.555649
        ]
      },
      {
        "date": "2025-12-05",
        "close": 5.573,
        "volume": 69946,
        "typical_volume": 193142.2,
        "trend": 5.545567,
        "fair_value": 5.347641,
        "relative_strength": -8.27471,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.240203,
        "energy": 35.600793,
        "activity_lines": [
          5.572533,
          5.571891,
          5.565205,
          5.557568
        ]
      },
      {
        "date": "2025-12-12",
        "close": 5.572,
        "volume": 181866,
        "typical_volume": 193978.75,
        "trend": 5.5479,
        "fair_value": 5.349542,
        "relative_strength": -8.116693,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.420202,
        "energy": 33.47161,
        "activity_lines": [
          5.572667,
          5.572127,
          5.566514,
          5.559273
        ]
      },
      {
        "date": "2025-12-19",
        "close": 5.574,
        "volume": 167466,
        "typical_volume": 191566.15,
        "trend": 5.5499,
        "fair_value": 5.351429,
        "relative_strength": -10.193276,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.831047,
        "energy": 33.056982,
        "activity_lines": [
          5.573267,
          5.572527,
          5.567848,
          5.560957
        ]
      },
      {
        "date": "2025-12-26",
        "close": 5.577,
        "volume": 117210,
        "typical_volume": 190540.7,
        "trend": 5.552033,
        "fair_value": 5.353308,
        "relative_strength": -9.418623,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.256733,
        "energy": 33.776812,
        "activity_lines": [
          5.5746,
          5.573345,
          5.569314,
          5.562705
        ]
      },
      {
        "date": "2026-01-02",
        "close": 5.583,
        "volume": 76779,
        "typical_volume": 187342.15,
        "trend": 5.5545,
        "fair_value": 5.355207,
        "relative_strength": -10.411908,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.776764,
        "energy": 37.799332,
        "activity_lines": [
          5.577467,
          5.5752,
          5.571186,
          5.564703
        ]
      },
      {
        "date": "2026-01-09",
        "close": 5.589,
        "volume": 184585,
        "typical_volume": 190203.35,
        "trend": 5.557033,
        "fair_value": 5.357123,
        "relative_strength": -10.597712,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.826692,
        "energy": 49.406637,
        "activity_lines": [
          5.581867,
          5.578018,
          5.573438,
          5.566929
        ]
      },
      {
        "date": "2026-01-16",
        "close": 5.591,
        "volume": 247341,
        "typical_volume": 195961.1,
        "trend": 5.559467,
        "fair_value": 5.359024,
        "relative_strength": -10.382414,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.90456,
        "energy": 58.828662,
        "activity_lines": [
          5.585867,
          5.580873,
          5.575657,
          5.56912
        ]
      },
      {
        "date": "2026-01-23",
        "close": 5.592,
        "volume": 200134,
        "typical_volume": 197744.5,
        "trend": 5.561733,
        "fair_value": 5.360903,
        "relative_strength": -8.113707,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.065551,
        "energy": 60.781808,
        "activity_lines": [
          5.588933,
          5.583509,
          5.577738,
          5.571219
        ]
      },
      {
        "date": "2026-01-30",
        "close": 5.599,
        "volume": 222597,
        "typical_volume": 200591.15,
        "trend": 5.563733,
        "fair_value": 5.362808,
        "relative_strength": -9.066679,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.521322,
        "energy": 67.276136,
        "activity_lines": [
          5.593133,
          5.587018,
          5.580281,
          5.573624
        ]
      },
      {
        "date": "2026-02-06",
        "close": 5.603,
        "volume": 288987,
        "typical_volume": 209942.95,
        "trend": 5.5661,
        "fair_value": 5.364714,
        "relative_strength": -9.378006,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.794507,
        "energy": 62.945505,
        "activity_lines": [
          5.5972,
          5.590727,
          5.582995,
          5.576157
        ]
      },
      {
        "date": "2026-02-13",
        "close": 5.603,
        "volume": 105775,
        "typical_volume": 199899.3,
        "trend": 5.568267,
        "fair_value": 5.366591,
        "relative_strength": -8.225893,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.535301,
        "energy": 59.873451,
        "activity_lines": [
          5.599933,
          5.593945,
          5.585481,
          5.578538
        ]
      },
      {
        "date": "2026-02-20",
        "close": 5.604,
        "volume": 104607,
        "typical_volume": 198027.55,
        "trend": 5.5705,
        "fair_value": 5.368445,
        "relative_strength": -9.994402,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.59873,
        "energy": 60.5517,
        "activity_lines": [
          5.602067,
          5.5968,
          5.587814,
          5.580843
        ]
      },
      {
        "date": "2026-02-27",
        "close": 5.612,
        "volume": 135693,
        "typical_volume": 191618.2,
        "trend": 5.572833,
        "fair_value": 5.370333,
        "relative_strength": -10.98744,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.451041,
        "energy": 64.671691,
        "activity_lines": [
          5.606,
          5.600527,
          5.590705,
          5.58352
        ]
      },
      {
        "date": "2026-03-06",
        "close": 5.596,
        "volume": 329093,
        "typical_volume": 199321.6,
        "trend": 5.574633,
        "fair_value": 5.372069,
        "relative_strength": -4.90155,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.429501,
        "energy": 44.966349,
        "activity_lines": [
          5.603267,
          5.600655,
          5.591857,
          5.585015
        ]
      },
      {
        "date": "2026-03-13",
        "close": 5.583,
        "volume": 888225,
        "typical_volume": 232817.7,
        "trend": 5.575967,
        "fair_value": 5.373679,
        "relative_strength": -5.27442,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.141902,
        "energy": 25.446553,
        "activity_lines": [
          5.5964,
          5.598073,
          5.591667,
          5.585555
        ]
      },
      {
        "date": "2026-03-20",
        "close": 5.567,
        "volume": 187158,
        "typical_volume": 227887.7,
        "trend": 5.5768,
        "fair_value": 5.375144,
        "relative_strength": -2.155587,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 7.488821,
        "energy": 12.042384,
        "activity_lines": [
          5.585533,
          5.592582,
          5.589919,
          5.584976
        ]
      },
      {
        "date": "2026-03-27",
        "close": 5.567,
        "volume": 178464,
        "typical_volume": 227620.75,
        "trend": 5.577633,
        "fair_value": 5.376586,
        "relative_strength": -3.191605,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -23.326593,
        "energy": 27.499987,
        "activity_lines": [
          5.577067,
          5.587491,
          5.58819,
          5.584344
        ]
      },
      {
        "date": "2026-04-03",
        "close": 5.577,
        "volume": 177907,
        "typical_volume": 225822.45,
        "trend": 5.578567,
        "fair_value": 5.378082,
        "relative_strength": -7.317455,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.668712,
        "energy": 27.038159,
        "activity_lines": [
          5.5744,
          5.584655,
          5.587424,
          5.584303
        ]
      },
      {
        "date": "2026-04-10",
        "close": 5.585,
        "volume": 201848,
        "typical_volume": 224058.55,
        "trend": 5.579567,
        "fair_value": 5.379615,
        "relative_strength": -10.487702,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -14.993459,
        "energy": 22.475588,
        "activity_lines": [
          5.576733,
          5.583545,
          5.587386,
          5.584718
        ]
      },
      {
        "date": "2026-04-17",
        "close": 5.603,
        "volume": 154944,
        "typical_volume": 211031.25,
        "trend": 5.581167,
        "fair_value": 5.381257,
        "relative_strength": -12.024895,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 27.457994,
        "energy": 13.075574,
        "activity_lines": [
          5.5858,
          5.585964,
          5.58899,
          5.58623
        ]
      },
      {
        "date": "2026-04-24",
        "close": 5.6,
        "volume": 77525,
        "typical_volume": 211410.2,
        "trend": 5.5828,
        "fair_value": 5.382854,
        "relative_strength": -9.43955,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.975184,
        "energy": 23.369018,
        "activity_lines": [
          5.592533,
          5.587836,
          5.590181,
          5.587445
        ]
      },
      {
        "date": "2026-05-01",
        "close": 5.598,
        "volume": 165995,
        "typical_volume": 210616.65,
        "trend": 5.584033,
        "fair_value": 5.384413,
        "relative_strength": -10.214495,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.51995,
        "energy": 28.392179,
        "activity_lines": [
          5.5964,
          5.5894,
          5.591052,
          5.588426
        ]
      },
      {
        "date": "2026-05-08",
        "close": 5.607,
        "volume": 193100,
        "typical_volume": 211898.35,
        "trend": 5.585367,
        "fair_value": 5.386014,
        "relative_strength": -11.632418,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.511791,
        "energy": 41.402818,
        "activity_lines": [
          5.6012,
          5.592709,
          5.592657,
          5.589908
        ]
      },
      {
        "date": "2026-05-15",
        "close": 5.602,
        "volume": 191367,
        "typical_volume": 215606.2,
        "trend": 5.5863,
        "fair_value": 5.387557,
        "relative_strength": -11.115961,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 52.293372,
        "energy": 48.644666,
        "activity_lines": [
          5.602333,
          5.5952,
          5.593629,
          5.590981
        ]
      },
      {
        "date": "2026-05-22",
        "close": 5.611,
        "volume": 157290,
        "typical_volume": 219631.75,
        "trend": 5.587467,
        "fair_value": 5.389142,
        "relative_strength": -11.333215,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.416558,
        "energy": 49.689731,
        "activity_lines": [
          5.605333,
          5.599218,
          5.595338,
          5.592574
        ]
      },
      {
        "date": "2026-05-29",
        "close": 5.622,
        "volume": 162653,
        "typical_volume": 218535.15,
        "trend": 5.589167,
        "fair_value": 5.390782,
        "relative_strength": -11.759141,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.095203,
        "energy": 54.826531,
        "activity_lines": [
          5.611467,
          5.604727,
          5.597962,
          5.594802
        ]
      },
      {
        "date": "2026-06-05",
        "close": 5.615,
        "volume": 20181,
        "typical_volume": 207177.15,
        "trend": 5.5907,
        "fair_value": 5.39235,
        "relative_strength": -11.304642,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.786212,
        "energy": 49.091779,
        "activity_lines": [
          5.6138,
          5.607964,
          5.599762,
          5.596469
        ]
      },
      {
        "date": "2026-06-12",
        "close": 5.618,
        "volume": 6908,
        "typical_volume": 197515.85,
        "trend": 5.5923,
        "fair_value": 5.393917,
        "relative_strength": -13.61955,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.47844,
        "energy": 55.184763,
        "activity_lines": [
          5.616,
          5.610873,
          5.601733,
          5.59823
        ]
      },
      {
        "date": "2026-06-19",
        "close": 5.626,
        "volume": 4193,
        "typical_volume": 186595.65,
        "trend": 5.594167,
        "fair_value": 5.395517,
        "relative_strength": -15.268256,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.06379,
        "energy": 63.332739,
        "activity_lines": [
          5.620133,
          5.614491,
          5.604343,
          5.600404
        ]
      },
      {
        "date": "2026-06-26",
        "close": 5.627,
        "volume": 13517,
        "typical_volume": 172822.15,
        "trend": 5.595867,
        "fair_value": 5.397103,
        "relative_strength": -12.241977,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.22779,
        "energy": 64.613365,
        "activity_lines": [
          5.623,
          5.617545,
          5.606919,
          5.602523
        ]
      },
      {
        "date": "2026-07-03",
        "close": 5.631,
        "volume": 121375,
        "typical_volume": 173602.15,
        "trend": 5.5978,
        "fair_value": 5.398694,
        "relative_strength": -14.326218,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.432386,
        "energy": 70.391754,
        "activity_lines": [
          5.626133,
          5.620891,
          5.609762,
          5.604789
        ]
      },
      {
        "date": "2026-07-10",
        "close": 5.629,
        "volume": 319350,
        "typical_volume": 184339.3,
        "trend": 5.5997,
        "fair_value": 5.40025,
        "relative_strength": -13.608479,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.907458,
        "energy": 67.747586,
        "activity_lines": [
          5.628,
          5.623309,
          5.612281,
          5.606802
        ]
      },
      {
        "date": "2026-07-17",
        "close": 5.628,
        "volume": 172372,
        "typical_volume": 186173.25,
        "trend": 5.6015,
        "fair_value": 5.401779,
        "relative_strength": -12.010247,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.581742,
        "energy": 62.222737,
        "activity_lines": [
          5.6286,
          5.624982,
          5.614586,
          5.608628
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.63,
        "volume": 119027,
        "typical_volume": 175669.95,
        "trend": 5.603267,
        "fair_value": 5.4033,
        "relative_strength": -11.466381,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.664661,
        "energy": 57.19449,
        "activity_lines": [
          5.6292,
          5.626636,
          5.617005,
          5.610467
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.634,
        "volume": 124734,
        "typical_volume": 137495.4,
        "trend": 5.604967,
        "fair_value": 5.404828,
        "relative_strength": -11.607538,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.75868,
        "energy": 49.166553,
        "activity_lines": [
          5.630867,
          5.628509,
          5.619643,
          5.612449
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.639,
        "volume": 134699,
        "typical_volume": 134872.45,
        "trend": 5.606633,
        "fair_value": 5.406368,
        "relative_strength": -13.689326,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.635505,
        "energy": 57.441464,
        "activity_lines": [
          5.633733,
          5.630873,
          5.622514,
          5.614645
        ]
      }
    ],
    "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."
    }
  }
}