{"schema_version":"1.0","name":"YCRC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"5165b9a4-9145-4f2f-8ccc-d48cf6a3c9c5","symbol":"YCRC","name":"IncomeShares Circle Internet (CRCL) Options ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","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, Activity pressure and cumulative balance, 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":"2026-08-21","observations":21,"displayedObservations":21,"assetType":"ETF","state":"Rotational","stateTone":"caution","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 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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":"2026-04-17","price":595.314148}],"reversal_dangers":[{"date":"2026-04-24","price":583.056396}]}},"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":[530.2075,537.9405,595.3141,583.0564,572.8636,547.9609,550.375,561.067,549.8332,326.1213,320.9221,317.1493,292.6718,257.2,261.85,238.4,243.4,235.65,244.25,261.75,311.9],"consensus":[-86.4939,-77.6859,47.0255,-58.0,33.2405,-19.0595,-17.9219,12.3572,-10.8348,-80.1161,-61.0435,-58.4482,-52.5379,-54.351,-39.4812,-63.6132,-42.6721,-52.3185,-12.4368,0.0,42.2112],"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,-31.2604,-10.9337,20.4144,-1.7487,-84.4938,-61.0013,-59.6215,-45.5679,-49.7109,-32.7084,-67.922,-47.6095,-63.4585,-6.7768,0.0,34.8612],"force":[-86.4939,-77.6859,47.0255,-58.0,0.1639,-31.4432,-27.2179,20.3586,-22.3202,-69.8974,-32.5796,-25.6449,-23.7223,-27.3973,-0.3453,-35.2383,-7.2237,-30.6515,-31.3487,0.0,91.1237],"direction":[null,null,null,null,56.8666,-3.7297,-19.2683,2.5663,-13.0151,-82.4119,-81.423,-80.5381,-81.0862,-78.9066,-75.6691,-78.9565,-62.3497,-55.0634,-50.1808,0.0,15.6739],"intensity":[null,null,null,null,50.0,40.0,33.3333,71.4286,75.0,100.0,20.0,27.2727,50.0,53.8462,35.7143,66.6667,56.25,35.2941,22.2222,52.6316,85.0],"confirmation":[50.3447,47.5262,37.7148,41.2267,31.7915,52.4196,74.1248,49.9562,49.289,93.259,86.6671,85.6858,84.0402,84.6416,56.9304,87.4258,57.8328,83.9118,9.4193,32.0336,55.0],"persistence":[null,null,33.3333,50.0,20.0,33.3333,42.8571,25.0,25.0,25.0,50.0,50.0,75.0,75.0,75.0,100.0,100.0,100.0,100.0,87.5,62.5],"assessmentRisk":[null,null,null,null,28.8133,26.2277,37.8462,41.9118,32.2218,9.6844,19.325,20.7017,23.6951,12.9174,17.1948,11.9676,12.9768,8.5727,8.1837,18.7019,18.8342],"volumeParticipation":true,"latest":{"consensus":42.2,"control":34.9,"force":91.1,"direction":15.7,"confirmation":55.0,"persistence":62.5,"assessmentRisk":18.8,"intensity":85.0,"evidenceDepth":81},"analysis":{"status":"Completed 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