{
  "ticker": {
    "uuid": "86f94a93-2951-483c-89ef-4018a2330fd0",
    "symbol": "SJP3",
    "name": "WisdomTree Short JPY Long USD 3x Daily",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 61.068,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 46.872,
    "architecture_energy": 37.819,
    "architecture_maturity": 52.143,
    "architecture_confidence": 61.184,
    "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": 25.96,
        "rotation_up": 49.74,
        "upward_expansion": 72.73,
        "deceleration": 62.47,
        "rotation_down": 24.77,
        "downward_expansion": 13.73
      },
      "activity_lines": [
        378.566667,
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        364.41828
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 364.0,
    "trend_reference": 355.816667,
    "distance_from_trend": 0.022999,
    "trend_direction": "Improving",
    "fair_value": 280.943703,
    "distance_from_fair_value": 0.295633,
    "fair_value_direction": "Weakening",
    "relative_strength": 1.011709,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.044476,
    "excess_performance": -0.020573,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.022999,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.054067,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.295633,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.038073,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.010117,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.04258,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.044476,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.458747,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 460,
      "relative_activity": 1.330826,
      "balance": 0.458747,
      "dry_up": 0.617677,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.040564,
      "annualized_volatility": 0.266752,
      "from_high_reference": -0.101235,
      "from_low_reference": 0.373585
    },
    "levels": {
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      "fair_value_reference": 280.943703,
      "structural_low": 311.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 38,
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        "positive_rate": 0.578947,
        "directional_follow_through": 0.578947,
        "median_excess_return": 0.006934,
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        "worst_return": -0.241567,
        "sufficient": true
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        "horizon": "Intermediate",
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        "regime_survival": 0.666667,
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        "worst_return": -0.366883,
        "sufficient": true
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          360.8,
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          346.492857,
          340.339366
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      },
      {
        "date": "2026-04-17",
        "close": 353.5,
        "volume": 491,
        "typical_volume": 789.2,
        "trend": 331.198917,
        "fair_value": 265.05085,
        "relative_strength": 5.269681,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.555378,
        "energy": 46.246765,
        "activity_lines": [
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          347.597619,
          341.940511
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      },
      {
        "date": "2026-04-24",
        "close": 364.0,
        "volume": 646,
        "typical_volume": 622.05,
        "trend": 333.765583,
        "fair_value": 266.337581,
        "relative_strength": 11.009574,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.792403,
        "energy": 44.785978,
        "activity_lines": [
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          349.597619,
          344.05671
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      },
      {
        "date": "2026-05-01",
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        "volume": 1038,
        "typical_volume": 613.7,
        "trend": 336.08225,
        "fair_value": 267.531876,
        "relative_strength": 5.238381,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 41.684128,
        "energy": 28.064392,
        "activity_lines": [
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          344.813769
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      },
      {
        "date": "2026-05-08",
        "close": 344.0,
        "volume": 870,
        "typical_volume": 609.9,
        "trend": 337.565583,
        "fair_value": 268.703158,
        "relative_strength": 5.786142,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 16.991569,
        "activity_lines": [
          350.733333,
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      },
      {
        "date": "2026-05-15",
        "close": 360.0,
        "volume": 103,
        "typical_volume": 553.15,
        "trend": 339.815583,
        "fair_value": 269.921299,
        "relative_strength": 10.724961,
        "stage": 2,
        "regime": "deceleration",
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        "gate": "up",
        "direction": 44.051769,
        "energy": 22.726857,
        "activity_lines": [
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          346.771973
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      },
      {
        "date": "2026-05-22",
        "close": 364.0,
        "volume": 268,
        "typical_volume": 559.45,
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        "fair_value": 271.089696,
        "relative_strength": 8.590314,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 0,
        "typical_volume": 553.9,
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        "relative_strength": 8.89381,
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        "modifier": "Recompressing",
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        "energy": 37.941299,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 373.0,
        "volume": 10,
        "typical_volume": 485.6,
        "trend": 345.383333,
        "fair_value": 273.530433,
        "relative_strength": 10.300396,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.844622,
        "energy": 68.064159,
        "activity_lines": [
          365.266667,
          360.554545,
          356.292857,
          351.719355
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      },
      {
        "date": "2026-06-26",
        "close": 385.0,
        "volume": 30,
        "typical_volume": 457.45,
        "trend": 347.533333,
        "fair_value": 274.796106,
        "relative_strength": 12.876357,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.12259,
        "energy": 82.890489,
        "activity_lines": [
          373.233333,
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          359.588095,
          354.275269
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      },
      {
        "date": "2026-07-10",
        "close": 385.0,
        "volume": 0,
        "typical_volume": 386.55,
        "trend": 349.216667,
        "fair_value": 276.00476,
        "relative_strength": 12.506603,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.440208,
        "energy": 86.828837,
        "activity_lines": [
          378.466667,
          369.609091,
          362.704762,
          356.692473
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      },
      {
        "date": "2026-07-17",
        "close": 392.0,
        "volume": 136,
        "typical_volume": 391.8,
        "trend": 351.233333,
        "fair_value": 277.231331,
        "relative_strength": 12.897736,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.654407,
        "energy": 92.170308,
        "activity_lines": [
          384.366667,
          374.727273,
          366.197619,
          359.452688
        ]
      },
      {
        "date": "2026-07-24",
        "close": 402.5,
        "volume": 8,
        "typical_volume": 338.25,
        "trend": 353.733333,
        "fair_value": 278.583735,
        "relative_strength": 13.866241,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.400492,
        "energy": 94.84926,
        "activity_lines": [
          391.9,
          381.054545,
          370.447619,
          362.760215
        ]
      },
      {
        "date": "2026-07-31",
        "close": 370.5,
        "volume": 250,
        "typical_volume": 324.65,
        "trend": 355.066667,
        "fair_value": 279.822677,
        "relative_strength": 3.296464,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.073428,
        "energy": 60.871661,
        "activity_lines": [
          386.233333,
          380.863636,
          371.228571,
          363.841935
        ]
      },
      {
        "date": "2026-08-07",
        "close": 364.0,
        "volume": 460,
        "typical_volume": 345.65,
        "trend": 355.816667,
        "fair_value": 280.943703,
        "relative_strength": 1.011709,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 46.872236,
        "energy": 37.818841,
        "activity_lines": [
          378.566667,
          379.036364,
          371.188095,
          364.41828
        ]
      }
    ],
    "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."
    }
  }
}