{
  "ticker": {
    "uuid": "c563f4e3-dc87-4c82-aa8d-5c3128180825",
    "symbol": "261120",
    "name": "Mirae Asset Tiger US Dollar Inverse 2X ETF",
    "exchange": "KSC",
    "country": "KR",
    "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": "^KS11",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 93.649,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 48.066,
    "architecture_energy": 71.439,
    "architecture_maturity": 8.642,
    "architecture_confidence": 70.783,
    "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": 17.39,
        "rotation_up": 76.67,
        "upward_expansion": 56.51,
        "deceleration": 18.45,
        "rotation_down": 16.68,
        "downward_expansion": 31.51
      },
      "activity_lines": [
        4857.666667,
        4674.636364,
        4588.0,
        4600.698925
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 5035.0,
    "trend_reference": 4649.0,
    "distance_from_trend": 0.083029,
    "trend_direction": "Weakening",
    "fair_value": 5536.756188,
    "distance_from_fair_value": -0.090623,
    "fair_value_direction": "Improving",
    "relative_strength": -19.968844,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.047867,
    "excess_performance": -0.181962,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.083029,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.022355,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.090623,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.085077,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.199688,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.326338,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.047867,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.791021,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 85186,
      "relative_activity": 0.436267,
      "balance": 1.791021,
      "dry_up": 0.576182,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.034298,
      "annualized_volatility": 0.18047,
      "from_high_reference": -0.090811,
      "from_low_reference": 0.191716
    },
    "levels": {
      "trend_reference": 4649.0,
      "fair_value_reference": 5536.756188,
      "structural_low": 4225.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": -0.009516,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.031839,
        "regime_survival": 0.428571,
        "best_return": 0.06212,
        "worst_return": -0.066453,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.035833,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.087928,
        "regime_survival": 0.0,
        "best_return": -0.007149,
        "worst_return": -0.129262,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.108623,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.182069,
        "regime_survival": 0.0,
        "best_return": -0.008511,
        "worst_return": -0.169707,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.178144,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.142522,
        "regime_survival": 0.333333,
        "best_return": -0.052482,
        "worst_return": -0.18127,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_up",
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        "color": "teal",
        "start": "2024-09-06",
        "end": "2024-10-04",
        "tenure": "Developing",
        "return": -0.009516,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-11",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-11-01",
        "tenure": "New",
        "return": 0.013032,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-04-18",
        "tenure": "Established",
        "return": -0.053887,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.050285,
        "active": false
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.036713,
        "active": false
      },
      {
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      {
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        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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      {
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        "active": true
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    ],
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      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "volume": 73596,
        "typical_volume": 201282.85,
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        "fair_value": 5557.440411,
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      },
      {
        "date": "2026-07-31",
        "close": 4960.0,
        "volume": 136061,
        "typical_volume": 200492.15,
        "trend": 4644.0,
        "fair_value": 5546.35078,
        "relative_strength": -26.452827,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 43.26481,
        "energy": 44.219514,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 5035.0,
        "volume": 85186,
        "typical_volume": 195261.15,
        "trend": 4649.0,
        "fair_value": 5536.756188,
        "relative_strength": -19.968844,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
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    ],
    "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."
    }
  }
}