{ "ticker": { "uuid": "b7322414-c9f7-4dd3-946f-d51a6f6d5a2a", "symbol": "TS2S", "name": "Leverage Shares -2x Short Tesla 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": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 31.203, "architecture_energy": 62.496, "architecture_maturity": 14.276, "architecture_confidence": 55.767, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 49.71, "rotation_up": 64.76, "upward_expansion": 56.4, "deceleration": 30.11, "rotation_down": 21.37, "downward_expansion": 26.4 }, "activity_lines": [ 0.736533, 0.673245, 0.633219, 0.63957 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 0.7045, "trend_reference": 0.63845, "distance_from_trend": 0.103454, "trend_direction": "Improving", "fair_value": 9.480035, "distance_from_fair_value": -0.925686, "fair_value_direction": "Improving", "relative_strength": -12.587007, "relative_strength_direction": "Improving", "price_momentum": 0.093095, "excess_performance": 0.04186, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.103454, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01363, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.925686, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.023893, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.12587, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.430818, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.093095, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.33088, "read": "Demand-led" } ], "volume": { "latest": 207, "relative_activity": 0.034627, "balance": 6.33088, "dry_up": 0.704828, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.113337, "annualized_volatility": 0.942639, "from_high_reference": -0.560237, "from_low_reference": 0.531522 }, "levels": { "trend_reference": 0.63845, "fair_value_reference": 9.480035, "structural_low": 0.473, "invalidation": "A renewed decline 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"positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2026-02-27", "tenure": "Established", "return": -0.47915, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": 0.178411, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-03", "end": "2026-05-01", "tenure": "Developing", "return": -0.163411, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": 0.00189, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-12", 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0.5602, 0.561145, 0.588414, 0.606988 ] }, { "date": "2026-07-24", "close": 0.8255, "volume": 204, "typical_volume": 5853.8, "trend": 0.622033, "fair_value": 9.619343, "relative_strength": -1.609267, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.411309, "energy": 26.338628, "activity_lines": [ 0.6465, 0.610373, 0.607426, 0.620834 ] }, { "date": "2026-07-31", "close": 0.842, "volume": 13712, "typical_volume": 6471.1, "trend": 0.634067, "fair_value": 9.549682, "relative_strength": 1.769111, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.823689, "energy": 67.55476, "activity_lines": [ 0.722033, 0.657227, 0.627255, 0.635026 ] }, { "date": "2026-08-07", "close": 0.7045, "volume": 207, "typical_volume": 5978.05, "trend": 0.63845, "fair_value": 9.480035, "relative_strength": -12.587007, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.203362, "energy": 62.496172, "activity_lines": [ 0.736533, 0.673245, 0.633219, 0.63957 ] } ], "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." } } }