{"schema_version":"1.0","name":"0138Y0 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"30d65724-5d53-471a-a095-cfb58b197a3d","symbol":"0138Y0","name":"Hanwha Plus Gold & Treasury Balanced Etf","exchange":"KSC","country":"KR","asset_type":"etf","currency":"KRW","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","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, Acceleration, deceleration and rollover, Range position and boundary pressure, Range pressure and compression, Activity pressure and cumulative balance, Directional strength and control."},{"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":36,"displayedObservations":36,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Unsupported elevation","headline":"Price remains elevated without full Market Dynamics support","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","take":"This is a downside warning, not a confirmed reversal. Stronger Market Dynamics would repair the gap; weaker price would begin to confirm it.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-1.466427,-2.116384,-2.199829,-2.262392,-2.458792,-2.249897,-1.947157,-1.455642],"opens":[10055.0,9935.0,9870.0,9715.0,9735.0,9660.0,9855.0,9970.0],"highs":[10135.0,9945.0,9870.0,9900.0,9775.0,9922.0,10000.0,10030.0],"lows":[10035.0,9875.0,9695.0,9650.0,9580.0,9570.0,9840.0,9815.0],"closes":[10040.0,9900.0,9720.0,9675.0,9625.0,9840.0,9890.0,10030.0],"hoverRows":[[{"label":"Open","value":"10,055","className":"is-ohlc","compact":true},{"label":"High","value":"10,135","className":"is-ohlc","compact":true},{"label":"Low","value":"10,035","className":"is-ohlc","compact":true},{"label":"Close","value":"10,040","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.47","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9,935","className":"is-ohlc","compact":true},{"label":"High","value":"9,945","className":"is-ohlc","compact":true},{"label":"Low","value":"9,875","className":"is-ohlc","compact":true},{"label":"Close","value":"9,900","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.12","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9,870","className":"is-ohlc","compact":true},{"label":"High","value":"9,870","className":"is-ohlc","compact":true},{"label":"Low","value":"9,695","className":"is-ohlc","compact":true},{"label":"Close","value":"9,720","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.20","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9,715","className":"is-ohlc","compact":true},{"label":"High","value":"9,900","className":"is-ohlc","compact":true},{"label":"Low","value":"9,650","className":"is-ohlc","compact":true},{"label":"Close","value":"9,675","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.26","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9,735","className":"is-ohlc","compact":true},{"label":"High","value":"9,775","className":"is-ohlc","compact":true},{"label":"Low","value":"9,580","className":"is-ohlc","compact":true},{"label":"Close","value":"9,625","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.46","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9,660","className":"is-ohlc","compact":true},{"label":"High","value":"9,922","className":"is-ohlc","compact":true},{"label":"Low","value":"9,570","className":"is-ohlc","compact":true},{"label":"Close","value":"9,840","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.25","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9,855","className":"is-ohlc","compact":true},{"label":"High","value":"10,000","className":"is-ohlc","compact":true},{"label":"Low","value":"9,840","className":"is-ohlc","compact":true},{"label":"Close","value":"9,890","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.95","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9,970","className":"is-ohlc","compact":true},{"label":"High","value":"10,030","className":"is-ohlc","compact":true},{"label":"Low","value":"9,815","className":"is-ohlc","compact":true},{"label":"Close","value":"10,030","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.46","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.803023,2.803023],"priceRange":[9600.1,10064.9],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-1.455642,"state":"Price ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Unsupported elevation","detail":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","tone":"negative"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","annotations":[{"label":"Current tape relationship","value":"Unsupported elevation","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"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":"Not confirming","detail":"Market Dynamics has strengthened over four weeks, but it still lags the elevated price.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":24,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","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":[10068.0195,10168.0,10020.0,10205.0,10365.0,10700.0,10870.0,10615.0,10615.0,10720.0,10875.0,10920.0,10950.0,10525.0,10295.0,10570.0,10575.0,10610.0,10475.0,10330.0,10485.0,10375.0,10385.0,10340.0,10355.0,10025.0,9985.0,9890.0,10040.0,9900.0,9720.0,9675.0,9625.0,9840.0,9890.0,10030.0],"consensus":[41.6667,-19.1489,-41.6667,51.5556,71.4154,75.5847,55.1712,17.2071,21.8816,46.3048,46.0547,30.912,44.2763,-46.8202,-45.6074,15.7266,0.0,12.1114,-21.1831,-45.415,15.688,-38.9819,0.0,-17.0166,-19.0204,-55.6159,-52.4919,-49.732,-29.1978,-44.2542,-60.7018,-48.0098,-50.6806,0.0,0.0,-36.2069],"supportDates":["2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","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,83.615,48.5361,8.4315,7.9798,58.0182,46.3138,13.4265,38.1949,-41.6305,-32.0991,29.8611,0.0,13.8514,-32.6511,-45.5937,26.8758,-37.5724,0.0,-17.9097,-17.5451,-60.7652,-58.5035,-50.7483,-26.6329,-49.0368,-68.6608,-51.5737,-52.0617,0.0,0.0,-32.9334],"force":[41.6667,-19.1489,-41.6667,51.5556,40.0442,54.0993,28.7063,35.8687,5.9255,30.4527,43.88,6.0825,19.9912,-76.4259,-43.8341,44.6063,0.0,15.5159,-28.5005,-48.3612,43.1457,-44.7407,0.0,-10.144,-7.4357,-43.182,-31.6411,-28.3606,-2.7606,-28.1513,-46.059,-25.9287,-30.5357,0.0,0.0,-57.2104],"direction":[null,null,null,null,93.8234,81.7539,81.6576,65.1476,57.6315,44.2408,47.312,68.6307,68.573,-31.6044,-62.3122,21.0555,0.0,7.6909,-2.8501,-43.1062,16.7108,-36.4792,0.0,-20.9049,-28.9814,-58.6124,-60.515,-63.8357,-51.0128,-50.2905,-62.0651,-59.7091,-63.4914,0.0,0.0,-24.9456],"intensity":[null,null,null,null,100.0,100.0,100.0,85.7143,62.5,11.1111,60.0,36.3636,25.0,84.6154,85.7143,66.6667,50.0,5.8824,16.6667,26.3158,30.0,9.5238,36.3636,13.0435,45.8333,84.0,7.6923,40.7407,53.5714,51.7241,46.6667,9.6774,21.875,66.6667,76.4706,25.7143],"confirmation":[36.0,28.7943,36.0,39.1644,66.7522,91.4099,84.9493,34.3411,30.2973,82.1559,82.6673,54.7349,81.521,83.9638,82.7462,32.8558,25.8752,49.2862,52.1602,82.6199,31.9181,80.6712,4.6363,73.2222,51.0893,85.3397,84.0704,83.2474,53.91,81.5977,86.857,82.6359,83.5828,32.699,25.8304,80.2762],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,50.0,75.0,100.0,100.0,100.0,75.0,50.0,50.0,37.5,37.5,12.5,12.5,12.5,12.5,0.0,25.0,37.5,62.5,62.5,62.5,87.5,87.5,100.0,100.0,100.0,87.5,75.0,50.0],"assessmentRisk":[null,null,null,null,13.194,12.0912,22.4136,40.0513,33.1679,17.3144,21.5002,32.562,26.7168,14.5409,26.8272,54.2588,43.8023,13.5071,47.8148,20.6228,31.2073,23.7036,21.4918,11.4733,23.0215,20.0951,23.2601,24.9589,34.7872,15.829,18.1152,22.8067,24.5382,25.1623,42.1756,31.2443],"volumeParticipation":true,"latest":{"consensus":-36.2,"control":-32.9,"force":-57.2,"direction":-24.9,"confirmation":80.3,"persistence":50.0,"assessmentRisk":31.2,"intensity":25.7,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-36.2","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-32.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-57.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-24.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"80/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"50.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"2.2%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"20.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"28%","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 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path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}