{"schema_version":"1.0","name":"BVC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"4456b8c5-3d28-4e78-8c6a-e75450c45dfc","symbol":"BVC","name":"BitVentures Limited","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Technology","industry":"Software - Application"},"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, Activity pressure and cumulative balance, Range position and boundary pressure, Directional strength and control, Drawdown and recovery pressure, Acceleration, deceleration and rollover."},{"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":"2026-08-14","observations":34,"displayedObservations":34,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","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":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[-0.481065,-0.626941,-0.631531,-0.553489,-0.418052,-0.228682],"opens":[8.51,9.07,10.84,10.93,10.78,12.72],"highs":[12.86,13.31,12.85,11.69,12.735,15.32],"lows":[8.51,9.07,10.06,10.15,10.31,12.14],"closes":[10.07,10.84,10.47,11.18,12.55,15.03],"hoverRows":[[{"label":"Open","value":"8.51","className":"is-ohlc","compact":true},{"label":"High","value":"12.9","className":"is-ohlc","compact":true},{"label":"Low","value":"8.51","className":"is-ohlc","compact":true},{"label":"Close","value":"10.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.07","className":"is-ohlc","compact":true},{"label":"High","value":"13.3","className":"is-ohlc","compact":true},{"label":"Low","value":"9.07","className":"is-ohlc","compact":true},{"label":"Close","value":"10.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.8","className":"is-ohlc","compact":true},{"label":"High","value":"12.8","className":"is-ohlc","compact":true},{"label":"Low","value":"10.1","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.9","className":"is-ohlc","compact":true},{"label":"High","value":"11.7","className":"is-ohlc","compact":true},{"label":"Low","value":"10.2","className":"is-ohlc","compact":true},{"label":"Close","value":"11.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.8","className":"is-ohlc","compact":true},{"label":"High","value":"12.7","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"12.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.7","className":"is-ohlc","compact":true},{"label":"High","value":"15.3","className":"is-ohlc","compact":true},{"label":"Low","value":"12.1","className":"is-ohlc","compact":true},{"label":"Close","value":"15.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[9.7724,15.3276],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","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 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":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","tone":"neutral"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics improved this week but remains below zero.","tone":"neutral"},{"label":"Price location","value":"Upper positioning zone","detail":"Price is in the area labelled as the distribution zone on the chart. With limited Market Dynamics history, the label describes location and extension only.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":26,"relationship":{"sameWeekCorrelation":0.15,"forwardCorrelation":-0.44,"directionalAgreement":0.0,"sample":2,"correlationSample":25,"label":"Variable 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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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"distribution","zoneContext":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-08-14","price":15.03}],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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"],"close":[1.2,1.4,10.94,10.31,9.0,8.78,8.42,7.3,7.52,7.0295,7.5105,7.8901,8.35,9.73,9.8,10.52,10.69,10.24,10.35,9.2,10.12,10.3,9.71,10.1,11.3,12.15,9.5,8.54,10.07,10.84,10.47,11.18,12.55,15.03],"consensus":[-51.2195,100.0,-62.4234,-23.8444,48.4588,41.5474,0.0,-12.6904,17.1012,0.0,22.062,26.676,40.2998,66.9769,29.8903,48.1099,39.6074,14.0958,26.4118,-24.6441,22.5187,14.0195,0.0,21.5726,41.4337,40.0005,-39.2508,-40.4537,17.5259,15.073,0.0,28.9433,51.7551,66.6615],"supportDates":["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"],"control":[null,null,null,null,null,31.0687,0.0,-11.584,30.8976,0.0,31.4609,22.8463,41.1608,61.2932,14.4838,42.1387,38.9752,11.5979,28.6378,-21.9833,26.8182,14.0697,0.0,21.2594,29.6716,32.2892,-37.6417,-33.0782,18.1127,18.4364,0.0,23.0722,47.7264,65.5143],"force":[-51.2195,100.0,-62.4234,-23.8444,22.9111,7.96,0.0,-45.1686,2.3677,0.0,16.7352,9.2818,23.0903,69.4499,1.7248,26.2542,20.4094,12.9641,11.4323,-50.0143,31.7496,8.234,0.0,24.1609,73.6072,50.436,-81.1301,-64.1212,53.7728,31.885,0.0,42.2374,78.3759,87.4861],"direction":[null,null,null,null,99.4373,77.5141,0.0,-9.2437,15.2402,0.0,15.1254,43.4773,51.6083,71.706,67.6158,70.5452,54.0428,36.279,34.5673,-9.5636,11.0115,18.0946,0.0,20.0817,31.8949,41.3595,-11.1761,-31.9776,9.0353,0.7793,0.0,26.1574,37.3444,53.0979],"intensity":[null,null,null,null,50.0,40.0,33.3333,57.1429,25.0,44.4444,60.0,54.5455,33.3333,84.6154,78.5714,33.3333,37.5,23.5294,5.5556,73.6842,55.0,66.6667,77.2727,34.7826,95.8333,92.0,84.6154,85.1852,75.0,27.5862,46.6667,64.5161,71.875,81.8182],"confirmation":[39.0569,54.6667,42.6421,30.2969,19.5757,57.7646,28.9658,29.7063,50.5073,3.4668,74.7543,76.0646,80.3583,89.5946,54.2746,82.8201,80.0989,29.1564,75.9613,76.6999,75.4218,72.3092,24.7072,74.9869,82.4185,81.2357,81.8611,81.7789,31.2982,50.7841,4.2104,77.7565,85.4343,55.0],"persistence":[null,null,33.3333,50.0,20.0,0.0,0.0,12.5,12.5,0.0,25.0,50.0,50.0,50.0,62.5,87.5,87.5,100.0,100.0,75.0,75.0,75.0,62.5,62.5,62.5,62.5,37.5,37.5,37.5,37.5,37.5,37.5,37.5,37.5],"assessmentRisk":[null,null,null,null,22.9338,26.6953,32.4177,28.0198,29.32,26.6983,25.6549,3.2318,5.5362,4.9302,19.8944,25.8744,30.065,27.1108,22.8675,35.617,47.3077,2.2372,35.6035,33.7074,26.1668,29.4846,9.1388,25.3268,49.3301,48.9483,37.7215,34.6368,22.9801,16.5453],"volumeParticipation":true,"latest":{"consensus":66.7,"control":65.5,"force":87.5,"direction":53.1,"confirmation":55.0,"persistence":37.5,"assessmentRisk":16.5,"intensity":81.8,"evidenceDepth":100},"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 upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+66.7","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+65.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+87.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+53.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"71.9","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"17.2%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"39.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"97%","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 its trend references are aligned upward.","series":[{"label":"Close","values":[1.2,1.4,10.94,10.31,9.0,8.78,8.42,7.3,7.52,7.0295,7.5105,7.8901,8.35,9.73,9.8,10.52,10.69,10.24,10.35,9.2,10.12,10.3,9.71,10.1,11.3,12.15,9.5,8.54,10.07,10.84,10.47,11.18,12.55,15.03],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,5.1788,5.8336,6.3038,6.4849,6.6731,6.7379,6.8784,7.0623,7.2965,7.7389,8.1137,8.5512,8.9401,9.1764,9.3898,9.3553,9.4943,9.6408,9.6534,9.7346,10.0192,10.4066,10.2418,9.9324,9.9574,10.1179,10.1819,10.3634,10.7609,11.5371],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,5.2386,5.5713,5.8845,6.2279,6.5584,6.8311,7.0918,7.2479,7.4607,7.671,7.822,7.9908,8.2359,8.5258,8.598,8.5937,8.7031,8.8613,8.9805,9.1434,9.3958,9.8131],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,13.5355,13.2721,13.0822,12.9664,13.0683,13.1507,13.3301,13.4983,13.5632,13.6258,13.5529,12.9084,11.6732,11.494,11.4643,11.7621,12.2185,12.2354,12.1525,12.1205,12.0445,11.9262,11.8969,12.195,13.339],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,0.8444,1.166,1.4678,1.749,1.986,2.2067,2.3824,2.5476,2.729,2.8984,3.0651,4.6016,6.7268,6.783,6.7917,6.724,6.6045,6.6956,6.9025,7.1896,7.6466,8.0608,8.4191,8.541,7.927],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,0.2003,0.1025,0.2859,0.4397,0.2057,0.2139,0.684,0.7816,0.3399,0.5089,0.2758,0.379,0.4751,1.6239,90.1434,30.5738,95.187,1511.3454,57.2108,80.4213,102.6375,130.5137,114.2311,277.7663,390.4493,329.986,264.3297],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,134.6709,134.6797,134.6576,134.6886,134.7018,134.7146,134.7525,134.793,134.8095,134.8327,134.8208,134.8363,134.8178,134.8468,134.9003,134.89,134.9143,135.0,135.0,134.9244,134.8237,134.9601,135.0,134.6517,135.0,135.0,135.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,45.0226,46.5927,43.092,46.5249,49.2342,52.5165,62.3656,62.8652,68.0039,69.2172,66.0055,66.7906,58.583,65.149,66.4337,62.2229,65.0063,73.5708,79.6372,60.7241,26.5815,46.6265,55.9036,51.4458,60.0,76.506,96.8202],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-51.3434,-49.8771,-53.1464,-49.9404,-47.4102,-44.3449,-35.1468,-34.6802,-29.8812,-28.7481,-31.7475,-31.0143,-38.6794,-32.5473,-31.3476,-35.2801,-32.6806,-24.6823,-19.0168,-36.6798,-43.0785,-30.5517,-25.2414,-27.7931,-22.8966,-13.4483,-1.893],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,636.1097,658.2938,608.8333,657.3359,695.6136,741.9885,881.1435,888.2021,960.8047,977.947,932.5703,943.6624,827.6999,920.4699,938.6206,879.1268,918.4532,1039.4575,1125.1689,857.951,37.7419,62.4194,74.8387,68.871,80.3226,102.4194,142.4194],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,47.5335,45.1036,43.503,42.2111,41.0115,39.8976,39.3568,39.8114],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,43.3257,44.8461,40.9757,39.1825,37.2024,34.5356,31.5743,27.864,28.1643,25.8109,24.5006,32.3646,29.8719,24.7141,22.1561,23.4397,21.9505,20.2819,19.4051,21.0231,26.3252],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,11.7887,10.5944,10.88,10.3039,10.818,11.5341,12.4874,13.4963,12.1794,15.2425,14.4687,10.8677,10.0306,16.173,16.8805,14.7682,13.0536,12.0613,11.5399,10.7516,9.8057],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or 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