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    "country": "TW",
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        "typical_volume": 20739725.1,
        "trend": 34.962275,
        "fair_value": 42.829706,
        "relative_strength": -41.637027,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -47.619824,
        "energy": 37.68002,
        "activity_lines": [
          33.197806,
          34.45,
          34.831292,
          34.670094
        ]
      },
      {
        "date": "2026-07-31",
        "close": 30.950001,
        "volume": 11720687,
        "typical_volume": 20709748.3,
        "trend": 34.724168,
        "fair_value": 42.691569,
        "relative_strength": -40.74588,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -53.470249,
        "energy": 53.085582,
        "activity_lines": [
          32.138077,
          33.654869,
          34.515391,
          34.411238
        ]
      },
      {
        "date": "2026-08-07",
        "close": 31.049999,
        "volume": 5554580,
        "typical_volume": 20392223.5,
        "trend": 34.505509,
        "fair_value": 42.557758,
        "relative_strength": -40.868405,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.466996,
        "energy": 60.814645,
        "activity_lines": [
          31.407418,
          33.015705,
          34.199752,
          34.174195
        ]
      },
      {
        "date": "2026-08-14",
        "close": 30.75,
        "volume": 17828382,
        "typical_volume": 20275430.85,
        "trend": 34.321968,
        "fair_value": 42.423579,
        "relative_strength": -42.33354,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.769276,
        "energy": 62.951492,
        "activity_lines": [
          31.014079,
          32.429839,
          33.851098,
          33.931904
        ]
      },
      {
        "date": "2026-08-21",
        "close": 31.200001,
        "volume": 7836820,
        "typical_volume": 19849041.5,
        "trend": 34.130868,
        "fair_value": 42.297472,
        "relative_strength": -39.493936,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.509422,
        "energy": 57.40303,
        "activity_lines": [
          31.037916,
          32.000415,
          33.557248,
          33.730487
        ]
      }
    ],
    "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."
    }
  }
}