{"schema_version":"1.0","name":"IREY Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"2dde6aef-58dc-4e4c-8701-3c16c0a0185b","symbol":"IREY","name":"IncomeShares IREN Options ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Completed returns and cumulative progression, Range expansion and closing direction, Drawdown and recovery pressure, Range pressure and compression, Range position and boundary pressure."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":21,"displayedObservations":21,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[5.674473,7.407276,6.507071,7.276571,7.134294,6.966179,7.617616,6.934658,7.834763,7.854112,7.390303,7.978816,6.329233,5.33,5.79,4.634,4.738,5.37,4.916,5.1325,5.92],"highs":[5.907782,8.348691,7.620542,8.365221,7.134294,7.820753,7.617616,7.719185,8.370623,8.046636,7.751287,7.978816,6.329233,5.33,5.79,4.762,5.775,5.58,5.24,6.05,5.92],"lows":[5.335294,7.236713,6.507071,7.276571,5.905421,6.95217,6.987193,6.267459,7.834763,7.315919,7.390303,7.962407,6.12577,5.33,5.5375,4.595,4.738,4.136,4.916,5.1325,5.4475],"closes":[5.850158,8.384132,7.446784,8.093946,6.578819,7.673654,7.067747,7.642133,8.172739,8.046636,7.751287,7.962407,6.188121,5.33,5.58875,4.595,5.365,5.013,5.03875,5.70625,5.4475],"hoverRows":[[{"label":"Open","value":"5.67","className":"is-ohlc","compact":true},{"label":"High","value":"5.91","className":"is-ohlc","compact":true},{"label":"Low","value":"5.34","className":"is-ohlc","compact":true},{"label":"Close","value":"5.85","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[4.367652,8.61148],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Zone progression","detail":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-29","price":8.172739},{"date":"2026-06-19","price":7.962407}],"reversal_dangers":[{"date":"2026-06-05","price":8.046636},{"date":"2026-06-26","price":6.188121}]}},"smTape":{"available":true,"dates":["2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[5.8502,8.3841,7.4468,8.0939,6.5788,7.6737,7.0677,7.6421,8.1727,8.0466,7.7513,7.9624,6.1881,5.33,5.5888,4.595,5.365,5.013,5.0388,5.7062,5.4475],"consensus":[79.8689,100.0,68.7898,29.0946,0.0,36.2987,-16.2442,39.9647,56.6568,31.5589,27.9366,13.759,-65.5161,-53.2274,-41.8195,-71.2022,0.0,-33.6557,-28.1155,21.0232,-31.7936],"supportDates":["2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,57.4793,-21.595,41.8465,46.5136,35.0453,28.5696,1.6429,-57.5984,-48.2584,-37.6985,-73.6017,0.0,-32.0532,-27.5616,16.7848,-40.5516],"force":[79.8689,100.0,68.7898,29.0946,0.0,28.0366,-32.923,68.374,63.2256,10.4315,13.9383,2.6336,-79.7937,-32.5264,-11.6846,-60.1053,0.0,-22.1219,-3.9257,53.9918,-36.305],"direction":[null,null,null,null,0.0,17.9938,-1.7845,17.5218,63.557,42.6653,37.2119,35.5527,-64.3667,-73.6927,-68.054,-76.3864,0.0,-43.7255,-46.0271,2.318,-18.5621],"intensity":[null,null,null,null,75.0,60.0,16.6667,28.5714,87.5,11.1111,10.0,27.2727,91.6667,61.5385,14.2857,66.6667,62.5,29.4118,50.0,52.6316,10.0],"confirmation":[48.2247,54.6667,44.6794,31.9769,6.9679,79.041,51.3389,81.6259,86.4849,77.4018,76.5034,26.9151,89.5209,84.4776,80.5266,90.41,9.5924,78.4427,53.6015,53.1301,55.0],"persistence":[null,null,100.0,100.0,80.0,83.3333,57.1429,62.5,62.5,62.5,62.5,62.5,50.0,25.0,25.0,0.0,12.5,37.5,62.5,62.5,62.5],"assessmentRisk":[null,null,null,null,18.9625,40.8271,5.3284,36.9452,15.115,0.0356,13.7871,8.0282,14.2964,22.6223,28.4976,14.3633,33.7195,2.5725,18.9561,35.1427,21.8286],"volumeParticipation":true,"latest":{"consensus":-31.8,"control":-40.6,"force":-36.3,"direction":-18.6,"confirmation":55.0,"persistence":62.5,"assessmentRisk":21.8,"intensity":10.0,"evidenceDepth":81},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-31.8","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-40.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-36.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-18.6","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"74.4","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"16.3%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"31%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and 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