3701

Understanding the chart

What Market Dynamics shows

Market Dynamics shows whether the support beneath a completed price move is strengthening or weakening. Green bars are supportive, red bars are cautious, and the height of each bar shows how forceful the finished reading is.

Read price and the bars together

When price and Market Dynamics strengthen together, the move has broader confirmation. When price rises while Market Dynamics fades, the move is losing support and risk can be building near the upper zone. When price remains weak while Market Dynamics begins to improve, an opportunity may be forming near the lower zone before price has fully responded.

Zones and event markers

The upper and lower zones highlight completed periods where price and underlying support deserve closer attention. Early positioning signals mark improving support near the lower part of the chart. Reversal risk and reversal danger markers highlight increasing disagreement near the upper part. They are observations to investigate, not automatic instructions.

Use the explainer when needed

Turn on Explainer above the chart to label the published event markers. The labels point to the exact completed week and remain off by default so the full chart stays uncluttered.

What it does not show

Market Dynamics is not a forecast, price target or standalone buy or sell signal. Divergence can persist, so the reading should be considered with price structure, trend and the wider research view.

Reading price beside support

The recent price and Market Dynamics relationship

The chart rebases price to the first close in the 12-week view and compares it with the completed Market Dynamics reading. The shaded area draws attention to the latest 4 completed weeks without discarding the earlier context.

Positive divergence

When price remains below its recent baseline or in the lower part of its stored range while Market Dynamics improves, support may be developing before price responds. It becomes stronger evidence only if price subsequently confirms it.

Negative divergence

When price remains elevated while Market Dynamics is weak or deteriorating, price is running ahead of its support. The gap can close through consolidation, weaker price, or renewed improvement in Market Dynamics; an immediate reversal is not assumed.

What it means for 3701

Price and Market Dynamics are confirming each other. Alignment is more dependable than either line alone. Watch whether Market Dynamics continues to hold as price advances; a fresh separation would weaken the confirmation.

Understanding the transition

The zone-to-zone journey

This view asks whether 3701 is moving from a confirmed source zone toward the opposite zone. An upward journey runs from accumulation to distribution; the reverse journey runs from distribution to accumulation.

What it means for 3701

The current journey is accumulation to distribution. It began on 2025-12-12 and is currently classified as near-target retreat. A transition only finishes after the target zone is confirmed; touching a shaded area is not enough on its own.

Why zone confirmation matters

Time inside a zone separates a brief touch from a more established state. A deeper close can confirm residence sooner; otherwise consecutive completed closes are required.

Reading position and dwell

Where price is in the current journey

Zone-span position normalises the distance from the source-zone boundary to the target-zone boundary. Zero is the source side and 100% is the target side, regardless of whether the journey is upward or downward.

3701 reached 99% of the span toward distribution, but did not confirm that zone. It has since retreated 78 percentage points to a current position of 21%.

The original accumulation to distribution journey therefore remains unresolved. The rebound is not classified as a new reverse journey because distribution never became the confirmed starting state.

What this is not

Position is not the probability of success, a percentage price return or a price target. It only describes location between the current point-in-time zone boundaries.

Understanding the percentages

Completion and invalidation probability

Completion means the target zone is confirmed before the source zone is reconfirmed. Invalidation means price returns far enough, for long enough, to reconfirm the source zone first.

Current reading for 3701

The model currently assigns 7% within 12 weeks, 19% within 26 weeks and 34% within 52 weeks. The probability of reconfirming the source first within 52 weeks is 64%.

Why a number can be only 1%

A low completion reading does not mean there is a 1% chance the price rises next week. It means the current combination of path position, age, zone dwell and completed support evidence resembles relatively few historical states that confirmed the target within that horizon before returning to source.

Why the figures may not total 100%

The remainder covers journeys that could remain unresolved beyond the stated horizon. The figures are horizon-specific competing outcomes, not a directional vote on the next completed week.

Reading the transition chart

Where the active journey has travelled

This chart answers one question only: how far has the observed completed-week price path moved from its confirmed starting zone toward the opposite zone?

Zero is the source side and 100% is the opposite target side. The definition is reversed automatically for a distribution-to-accumulation journey, so higher chart values always mean further progress toward the current target.

What it does not show

The line is an observed normalised price position, not a probability and not a forecast. Touching 100% is also not enough on its own: the target zone still requires the stated completed-week confirmation.

Observed ticker history

How earlier transitions resolved

3701 has 6 reconstructed resolved journeys in the stored completed-week history: 0 confirmed the opposite zone and 6 reconfirmed the source first.

Reading each mini chart

Every mini chart starts at the source side and measures observed movement toward the opposite zone. The outlined dot is the furthest point reached; the final dot is where the reconstructed journey resolved. A green path confirmed the target. A red path returned to its source first.

How to use it

Direction shows whether each journey ran from accumulation to distribution or in reverse. Source dwell shows how established the starting state was; journey duration shows time from exit to resolution; confirmation dwell shows how long the resolving zone was occupied before the outcome became final.

Important limitation

The historical percentages are observed zone-span progress, not probabilities generated retrospectively by today's model. This is useful ticker-specific evidence about the state framework, but it is not a trading-strategy return, a win rate or independent model validation. Censored and still-open journeys are not counted as resolved outcomes.

Latest completed-week context

Evidence influencing the current reading

Market Dynamics -1.27 describes the latest underlying support reading. 12-week change -0.67 shows whether that support has strengthened or weakened across the recent completed path.

Trend position -22% places the close relative to the Trend Line. Volume ratio 0.23× compares recent completed participation with its established baseline.

Significance for 3701

These readings help distinguish a price move supported by trend and participation from one that is weakening, stalling or reversing. No single reading determines the journey outcome by itself.