{
  "ticker": {
    "uuid": "ae23aec2-fae4-4f2e-8b5d-5e27b69d9392",
    "symbol": "SBIU",
    "name": "Leverage Shares -1x Short Baidu ETP Securities",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 41.127,
    "architecture_energy": 28.738,
    "architecture_maturity": 17.033,
    "architecture_confidence": 53.693,
    "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."
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      "scores": {
        "balance": 47.47,
        "rotation_up": 47.95,
        "upward_expansion": 65.65,
        "deceleration": 58.97,
        "rotation_down": 17.42,
        "downward_expansion": 11.31
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
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    "latest_close": 180.25,
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    "trend_direction": "Weakening",
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    "distance_from_fair_value": -0.353103,
    "fair_value_direction": "Improving",
    "relative_strength": -11.050842,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.189769,
    "excess_performance": 0.138534,
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        "positive": true,
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        "read": "Above"
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        "label": "Trend direction",
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        "read": "Falling"
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        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.353103,
        "read": "Below anchor"
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        "positive": true,
        "value": 0.147731,
        "read": "Closing upward"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.110508,
        "read": "Lagging"
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        "label": "Relative strength direction",
        "positive": true,
        "value": 0.26458,
        "read": "Improving"
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        "label": "Price momentum",
        "positive": true,
        "value": 0.189769,
        "read": "Positive"
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        "positive": true,
        "value": 6.231343,
        "read": "Demand-led"
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      "accumulation_observations": 2,
      "distribution_observations": 1
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      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
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      },
      {
        "date": "2026-06-26",
        "close": 198.0,
        "volume": 3,
        "typical_volume": 181.95,
        "trend": 169.775,
        "fair_value": 284.325079,
        "relative_strength": -7.375243,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 67.426354,
        "energy": 50.471863,
        "activity_lines": [
          182.216667,
          171.713636,
          172.782143,
          170.798387
        ]
      },
      {
        "date": "2026-07-03",
        "close": 180.5,
        "volume": 0,
        "typical_volume": 181.95,
        "trend": 169.558333,
        "fair_value": 283.373477,
        "relative_strength": -15.635984,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 55.787905,
        "energy": 51.50014,
        "activity_lines": [
          184.183333,
          174.268182,
          173.445238,
          171.490323
        ]
      },
      {
        "date": "2026-07-10",
        "close": 170.0,
        "volume": 200,
        "typical_volume": 158.25,
        "trend": 169.083333,
        "fair_value": 282.354566,
        "relative_strength": -17.87039,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.326754,
        "energy": 44.480659,
        "activity_lines": [
          180.566667,
          174.681818,
          172.997619,
          171.518817
        ]
      },
      {
        "date": "2026-07-17",
        "close": 186.0,
        "volume": 10,
        "typical_volume": 157.6,
        "trend": 169.133333,
        "fair_value": 281.43822,
        "relative_strength": -9.769517,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.64726,
        "energy": 52.729987,
        "activity_lines": [
          182.066667,
          177.927273,
          174.028571,
          172.610215
        ]
      },
      {
        "date": "2026-07-24",
        "close": 188.5,
        "volume": 33,
        "typical_volume": 158.6,
        "trend": 169.275,
        "fair_value": 280.537899,
        "relative_strength": -8.529445,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.313344,
        "energy": 36.525222,
        "activity_lines": [
          183.7,
          180.890909,
          175.240476,
          173.859677
        ]
      },
      {
        "date": "2026-07-31",
        "close": 181.25,
        "volume": 39,
        "typical_volume": 136.1,
        "trend": 170.233333,
        "fair_value": 279.591105,
        "relative_strength": -11.692924,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.607902,
        "energy": 28.469083,
        "activity_lines": [
          182.583333,
          181.877273,
          175.74881,
          174.632258
        ]
      },
      {
        "date": "2026-08-07",
        "close": 180.25,
        "volume": 4,
        "typical_volume": 120.65,
        "trend": 171.066667,
        "fair_value": 278.637899,
        "relative_strength": -11.050842,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.127349,
        "energy": 28.737589,
        "activity_lines": [
          182.25,
          182.3,
          176.140476,
          175.278495
        ]
      }
    ],
    "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."
    }
  }
}