{
  "ticker": {
    "uuid": "ab1d0a04-b04c-4f80-a56a-8350e72e60e0",
    "symbol": "GBE3",
    "name": "WisdomTree Short GBP Long EUR 3x Daily",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.578,
    "architecture_energy": 67.162,
    "architecture_maturity": 79.412,
    "architecture_confidence": 80.724,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 10.87,
        "rotation_up": 12.89,
        "upward_expansion": 12.0,
        "deceleration": 60.1,
        "rotation_down": 70.22,
        "downward_expansion": 83.0
      },
      "activity_lines": [
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        15.837564,
        16.155886,
        16.347604
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 15.84,
    "trend_reference": 16.573133,
    "distance_from_trend": -0.044236,
    "trend_direction": "Weakening",
    "fair_value": 17.326491,
    "distance_from_fair_value": -0.085793,
    "fair_value_direction": "Weakening",
    "relative_strength": -20.302717,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.059494,
    "excess_performance": -0.230386,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.044236,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.029392,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.085793,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.044422,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.203027,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.063001,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.059494,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.224124,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 747,
      "relative_activity": 1.319671,
      "balance": 0.224124,
      "dry_up": 3.324353,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.012315,
      "annualized_volatility": 0.102565,
      "from_high_reference": -0.121464,
      "from_low_reference": 0.028705
    },
    "levels": {
      "trend_reference": 16.573133,
      "fair_value_reference": 17.326491,
      "structural_low": 15.398,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 38,
        "median_return": -0.003087,
        "positive_rate": 0.421053,
        "directional_follow_through": 0.552632,
        "median_excess_return": -0.033373,
        "regime_survival": 0.894737,
        "best_return": 0.074529,
        "worst_return": -0.067353,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": -0.024299,
        "positive_rate": 0.384615,
        "directional_follow_through": 0.615385,
        "median_excess_return": -0.060079,
        "regime_survival": 0.769231,
        "best_return": 0.053743,
        "worst_return": -0.066049,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.021252,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.091907,
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        "best_return": 0.045106,
        "worst_return": -0.113574,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.078127,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.240338,
        "regime_survival": 0.333333,
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        "worst_return": -0.122459,
        "sufficient": false
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        "tenure": "New",
        "return": 0.034869,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-01-19",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-01-24",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-02-21",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "end": "2025-03-14",
        "tenure": "New",
        "return": 0.062229,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": 0.037365,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-05-09",
        "tenure": "Developing",
        "return": -0.073103,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "active": false
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        "regime": "upward_expansion",
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        "return": -0.01275,
        "active": false
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        "label": "Deceleration",
        "color": "amber",
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        "fair_value": 17.581465,
        "relative_strength": -12.490199,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -43.901633,
        "energy": 27.546456,
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      },
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        "date": "2026-05-08",
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        "energy": 35.649702,
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        "date": "2026-05-15",
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        "relative_strength": -13.035252,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -43.181624,
        "energy": 29.440992,
        "activity_lines": [
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        "date": "2026-05-22",
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        "trend": 17.112733,
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        "relative_strength": -15.77759,
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        "energy": 54.721554,
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      {
        "date": "2026-05-29",
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        "volume": 200,
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        "relative_strength": -15.366489,
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        "energy": 71.200169,
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        "date": "2026-06-12",
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        "relative_strength": -17.579387,
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        "modifier": "Established contraction",
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      },
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        "date": "2026-06-26",
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        "relative_strength": -17.691303,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 90.917647,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 0,
        "typical_volume": 219.85,
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        "relative_strength": -21.604939,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -98.857454,
        "energy": 99.024501,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 244.75,
        "trend": 16.797133,
        "fair_value": 17.408581,
        "relative_strength": -21.613138,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -98.082498,
        "energy": 99.146084,
        "activity_lines": [
          16.012533,
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      },
      {
        "date": "2026-07-17",
        "close": 15.398,
        "volume": 6500,
        "typical_volume": 569.75,
        "trend": 16.724066,
        "fair_value": 17.387889,
        "relative_strength": -21.419728,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -98.532482,
        "energy": 99.46065,
        "activity_lines": [
          15.755333,
          16.056909,
          16.362247,
          16.52252
        ]
      },
      {
        "date": "2026-07-24",
        "close": 15.724,
        "volume": 280,
        "typical_volume": 583.75,
        "trend": 16.6664,
        "fair_value": 17.368747,
        "relative_strength": -19.120273,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.628113,
        "energy": 88.958306,
        "activity_lines": [
          15.682667,
          15.957891,
          16.283685,
          16.458
        ]
      },
      {
        "date": "2026-07-31",
        "close": 15.724,
        "volume": 0,
        "typical_volume": 545.05,
        "trend": 16.608733,
        "fair_value": 17.347247,
        "relative_strength": -19.104088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.250492,
        "energy": 87.197302,
        "activity_lines": [
          15.6624,
          15.880582,
          16.212143,
          16.3972
        ]
      },
      {
        "date": "2026-08-07",
        "close": 15.84,
        "volume": 747,
        "typical_volume": 566.05,
        "trend": 16.573133,
        "fair_value": 17.326491,
        "relative_strength": -20.302717,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.578151,
        "energy": 67.162035,
        "activity_lines": [
          15.716533,
          15.837564,
          16.155886,
          16.347604
        ]
      }
    ],
    "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."
    }
  }
}