{"schema_version":"1.0","name":"ZWC-T Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"579e3bb0-ca27-4ab3-9b8d-680535308044","symbol":"ZWC-T","name":"BMO Canadian High Dividend Covered Call ETF","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","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, Range position and boundary 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":25,"displayedObservations":25,"assetType":"ETF","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":["2026-03-06","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"],"values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[40.870949,39.597353,39.529045,38.914307,39.624076,40.165252,40.499798,40.411242,39.993151,40.331443,40.646376,40.744797,41.394348,41.418903,41.52803,41.597476,41.334179,41.118855,41.595135,42.339321,42.339321,42.869999,42.380001,42.209999,43.049999],"highs":[40.870949,39.597353,39.529045,39.44123,39.919262,40.598193,40.568675,40.411242,40.518433,40.469223,40.88258,41.394348,41.394348,41.418903,41.52803,41.657001,41.334179,41.118855,41.595135,42.339321,42.567543,42.869999,42.380001,43.0,43.169998],"lows":[39.763237,39.529045,38.777697,38.914307,39.417446,40.106213,40.401404,40.037334,39.905296,40.144451,40.636536,40.744797,40.992313,41.230412,41.52803,41.567715,41.334179,41.118855,41.595135,42.339321,42.339321,42.369999,41.849998,42.209999,42.52],"closes":[39.597355,39.529045,38.914307,39.109467,39.919262,40.499798,40.421085,40.352203,40.410175,40.410175,40.88258,41.394348,40.992313,41.230412,41.52803,41.567715,41.334179,41.118855,41.595135,42.339321,42.527851,42.52,42.34,43.0,42.630001],"hoverRows":[[{"label":"Open","value":"40.9","className":"is-ohlc","compact":true},{"label":"High","value":"40.9","className":"is-ohlc","compact":true},{"label":"Low","value":"39.8","className":"is-ohlc","compact":true},{"label":"Close","value":"39.6","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":"39.6","className":"is-ohlc","compact":true},{"label":"High","value":"39.6","className":"is-ohlc","compact":true},{"label":"Low","value":"39.5","className":"is-ohlc","compact":true},{"label":"Close","value":"39.5","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":"39.5","className":"is-ohlc","compact":true},{"label":"High","value":"39.5","className":"is-ohlc","compact":true},{"label":"Low","value":"38.8","className":"is-ohlc","compact":true},{"label":"Close","value":"38.9","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":"38.9","className":"is-ohlc","compact":true},{"label":"High","value":"39.4","className":"is-ohlc","compact":true},{"label":"Low","value":"38.9","className":"is-ohlc","compact":true},{"label":"Close","value":"39.1","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":"39.6","className":"is-ohlc","compact":true},{"label":"High","value":"39.9","className":"is-ohlc","compact":true},{"label":"Low","value":"39.4","className":"is-ohlc","compact":true},{"label":"Close","value":"39.9","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}],[{"label":"Open","value":"40.2","className":"is-ohlc","compact":true},{"label":"High","value":"40.6","className":"is-ohlc","compact":true},{"label":"Low","value":"40.1","className":"is-ohlc","compact":true},{"label":"Close","value":"40.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"40.5","className":"is-ohlc","compact":true},{"label":"High","value":"40.6","className":"is-ohlc","compact":true},{"label":"Low","value":"40.4","className":"is-ohlc","compact":true},{"label":"Close","value":"40.4","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":"40.4","className":"is-ohlc","compact":true},{"label":"High","value":"40.4","className":"is-ohlc","compact":true},{"label":"Low","value":"40.0","className":"is-ohlc","compact":true},{"label":"Close","value":"40.4","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":"40.0","className":"is-ohlc","compact":true},{"label":"High","value":"40.5","className":"is-ohlc","compact":true},{"label":"Low","value":"39.9","className":"is-ohlc","compact":true},{"label":"Close","value":"40.4","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":"40.3","className":"is-ohlc","compact":true},{"label":"High","value":"40.5","className":"is-ohlc","compact":true},{"label":"Low","value":"40.1","className":"is-ohlc","compact":true},{"label":"Close","value":"40.4","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":"40.6","className":"is-ohlc","compact":true},{"label":"High","value":"40.9","className":"is-ohlc","compact":true},{"label":"Low","value":"40.6","className":"is-ohlc","compact":true},{"label":"Close","value":"40.9","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":"40.7","className":"is-ohlc","compact":true},{"label":"High","value":"41.4","className":"is-ohlc","compact":true},{"label":"Low","value":"40.7","className":"is-ohlc","compact":true},{"label":"Close","value":"41.4","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":"41.4","className":"is-ohlc","compact":true},{"label":"High","value":"41.4","className":"is-ohlc","compact":true},{"label":"Low","value":"41.0","className":"is-ohlc","compact":true},{"label":"Close","value":"41.0","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":"41.4","className":"is-ohlc","compact":true},{"label":"High","value":"41.4","className":"is-ohlc","compact":true},{"label":"Low","value":"41.2","className":"is-ohlc","compact":true},{"label":"Close","value":"41.2","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":"41.5","className":"is-ohlc","compact":true},{"label":"High","value":"41.5","className":"is-ohlc","compact":true},{"label":"Low","value":"41.5","className":"is-ohlc","compact":true},{"label":"Close","value":"41.5","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":"41.6","className":"is-ohlc","compact":true},{"label":"High","value":"41.7","className":"is-ohlc","compact":true},{"label":"Low","value":"41.6","className":"is-ohlc","compact":true},{"label":"Close","value":"41.6","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":"41.3","className":"is-ohlc","compact":true},{"label":"High","value":"41.3","className":"is-ohlc","compact":true},{"label":"Low","value":"41.3","className":"is-ohlc","compact":true},{"label":"Close","value":"41.3","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":"41.1","className":"is-ohlc","compact":true},{"label":"High","value":"41.1","className":"is-ohlc","compact":true},{"label":"Low","value":"41.1","className":"is-ohlc","compact":true},{"label":"Close","value":"41.1","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":"41.6","className":"is-ohlc","compact":true},{"label":"High","value":"41.6","className":"is-ohlc","compact":true},{"label":"Low","value":"41.6","className":"is-ohlc","compact":true},{"label":"Close","value":"41.6","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":"42.3","className":"is-ohlc","compact":true},{"label":"High","value":"42.3","className":"is-ohlc","compact":true},{"label":"Low","value":"42.3","className":"is-ohlc","compact":true},{"label":"Close","value":"42.3","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":"42.3","className":"is-ohlc","compact":true},{"label":"High","value":"42.6","className":"is-ohlc","compact":true},{"label":"Low","value":"42.3","className":"is-ohlc","compact":true},{"label":"Close","value":"42.5","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":"42.9","className":"is-ohlc","compact":true},{"label":"High","value":"42.9","className":"is-ohlc","compact":true},{"label":"Low","value":"42.4","className":"is-ohlc","compact":true},{"label":"Close","value":"42.5","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":"42.4","className":"is-ohlc","compact":true},{"label":"High","value":"42.4","className":"is-ohlc","compact":true},{"label":"Low","value":"41.8","className":"is-ohlc","compact":true},{"label":"Close","value":"42.3","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":"42.2","className":"is-ohlc","compact":true},{"label":"High","value":"43.0","className":"is-ohlc","compact":true},{"label":"Low","value":"42.2","className":"is-ohlc","compact":true},{"label":"Close","value":"43.0","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":"43.0","className":"is-ohlc","compact":true},{"label":"High","value":"43.2","className":"is-ohlc","compact":true},{"label":"Low","value":"42.5","className":"is-ohlc","compact":true},{"label":"Close","value":"42.6","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}]],"pressureRange":[-2.3,2.3],"priceRange":[38.669165,43.245142],"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":25,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-03","price":39.919262}],"reversal_dangers":[{"date":"2026-04-10","price":40.499798}]}},"smTape":{"available":true,"dates":["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":[39.5974,39.529,38.9143,39.1095,39.9193,40.4998,40.4211,40.3522,40.4102,40.4102,40.8826,41.3943,40.9923,41.2304,41.528,41.5677,41.3342,41.1189,41.5951,42.3393,42.5279,42.52,42.34,43.0,42.63],"consensus":[-100.0,-100.0,-63.636,-15.0363,35.8553,46.7668,19.2366,29.7471,31.5683,19.4297,60.1246,65.7264,0.0,24.8288,41.0859,17.4543,15.889,0.0,32.4769,49.5209,58.9222,26.9291,27.1039,74.3702,5.7898],"supportDates":["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,49.5917,2.0015,25.9204,31.4566,27.1785,59.7662,67.4896,0.0,8.3157,37.3227,7.0641,12.8567,0.0,40.203,51.7825,58.3,16.3862,31.4346,77.2882,5.9556],"force":[-100.0,-100.0,-63.636,-15.0363,34.168,31.8007,2.2855,9.5038,22.4497,7.5826,75.2302,61.5305,0.0,5.6059,20.0459,6.9719,5.7218,0.0,21.7106,34.8412,56.1262,3.1914,14.4976,92.057,65.2973],"direction":[null,null,null,null,37.0606,54.2285,54.3068,48.58,38.2093,19.036,49.7444,66.7085,0.0,57.4314,60.4152,46.776,34.7908,0.0,31.3374,57.4218,61.6303,60.4926,51.8698,58.402,36.9051],"intensity":[null,null,null,null,75.0,40.0,33.3333,42.8571,12.5,33.3333,60.0,63.6364,50.0,23.0769,42.8571,6.6667,50.0,23.5294,66.6667,84.2105,25.0,47.619,77.2727,78.2609,54.1667],"confirmation":[54.6667,54.6667,43.0302,27.4783,56.7299,82.4662,28.9167,76.9604,77.8257,51.0717,87.7057,88.8777,36.151,52.9443,80.5636,29.1533,51.0261,2.7516,77.9468,83.3648,86.7794,53.8742,33.0989,92.293,11.5369],"persistence":[null,null,100.0,100.0,60.0,33.3333,14.2857,0.0,25.0,50.0,75.0,100.0,87.5,87.5,87.5,87.5,87.5,75.0,75.0,75.0,87.5,87.5,87.5,87.5,75.0],"assessmentRisk":[null,null,null,null,9.911,24.5975,40.2251,34.7844,25.8556,21.0653,11.5789,16.7015,47.2007,36.1958,26.132,16.2553,30.4488,18.8566,4.6113,24.3402,20.4784,36.5177,35.2942,10.526,16.6048],"volumeParticipation":true,"latest":{"consensus":5.8,"control":6.0,"force":65.3,"direction":36.9,"confirmation":11.5,"persistence":75.0,"assessmentRisk":16.6,"intensity":54.2,"evidenceDepth":96},"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":"Control support is limited","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+5.8","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+6.0","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+65.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+36.9","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"12/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"66.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"1.4%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"88%","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":[39.5974,39.529,38.9143,39.1095,39.9193,40.4998,40.4211,40.3522,40.4102,40.4102,40.8826,41.3943,40.9923,41.2304,41.528,41.5677,41.3342,41.1189,41.5951,42.3393,42.5279,42.52,42.34,43.0,42.63],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,39.4934,39.6764,39.8118,39.91,40.001,40.0754,40.2221,40.4353,40.5365,40.6627,40.82,40.956,41.0247,41.0419,41.1424,41.3601,41.5724,41.7447,41.8529,42.0615,42.1648],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,40.0823,40.1674,40.2682,40.3644,40.4362,40.4868,40.5689,40.7001,40.8354,40.9602,41.0624,41.206,41.3114],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,41.0441,41.2145,41.5105,41.6016,41.7268,41.8961,42.0356,42.0988,42.1161,42.2035,42.4277,42.681,42.8765,42.8949,43.0144,43.1136],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,38.7885,38.7938,38.7295,38.7726,38.7964,38.796,38.8092,38.8532,38.9074,38.934,38.8868,38.9267,39.0303,39.3543,39.6239,39.7958],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,-0.1725,-1.5552,0.5015,2.0706,1.4543,-0.1944,-0.1704,0.1437,0.0,1.169,1.2518,-0.9712,0.5808,0.7218,0.0956,-0.5618,-0.5209,1.1583,1.7891,0.4453,-0.0185,-0.4233,1.5588,-0.8605],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,-0.1725,-1.725,-1.2321,0.813,2.279,2.0803,1.9063,2.0527,2.0527,3.2457,4.5382,3.5229,4.1242,4.8758,4.976,4.3862,3.8424,5.0452,6.9246,7.4007,7.3809,6.9263,8.5931,7.6587],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[2.7974,0.1728,1.9308,1.3473,1.2571,1.2148,0.4138,0.9266,1.5173,0.8037,0.6018,1.5692,0.9808,0.4572,0.0,0.2148,0.0,0.0,0.0,0.0,0.5366,1.1759,1.2518,1.8372,1.5247],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[-3.1161,-0.1725,-1.5552,0.5015,0.745,0.8329,-0.1944,-0.1461,1.0427,0.1952,0.5811,1.5942,-0.9712,-0.4551,0.0,-0.0715,0.0,0.0,0.0,0.0,0.4453,-0.8164,-0.0944,1.8716,-0.9756],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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,159.5941,47.5771,30.8182,243.5876,61.9705,217.3182,30.5925,0.0,33.2846,0.0,0.0,0.0,0.0,128.2779,115.8959,194.4973,335.5603,151.4055],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,112.6684,116.1979,116.1979,135.0,135.0,118.8596,121.0166,121.0166,123.1136,123.1136,123.1136,123.1136,123.1136,129.9901,123.4409,111.4347,134.9309,123.8465],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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,75.2182,77.9876,77.9876,100.0,100.0,84.6355,92.8634,100.0,96.899,88.7882,81.3099,97.8514,100.0,98.9527,91.4474,87.0489,100.0,87.7058],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-1.2692,-1.1274,-1.1274,0.0,0.0,-0.9712,-0.4551,0.0,-0.2143,-0.775,-1.2919,-0.1485,0.0,-0.0932,-0.8164,-1.2363,0.0,-1.2509],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,4.0603,4.2098,4.2098,5.4281,6.7478,5.7111,6.3251,7.0926,7.1949,6.5927,6.0374,7.2656,9.1847,9.6709,9.6507,9.1865,10.8885,9.9343],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.3599,0.3961,0.4437,0.4791,0.4828,0.4629,0.4801,0.5475,0.6091,0.6498,0.6599,0.7129,0.7168],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.418,0.427,0.4376,0.4596,0.4895,0.5215,0.5492,0.5819,0.6089],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0648,0.036,0.0425,0.0879,0.1196,0.1282,0.1107,0.131,0.1079],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/579e3bb0-ca27-4ab3-9b8d-680535308044/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/579e3bb0-ca27-4ab3-9b8d-680535308044/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/579e3bb0-ca27-4ab3-9b8d-680535308044/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/579e3bb0-ca27-4ab3-9b8d-680535308044/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/579e3bb0-ca27-4ab3-9b8d-680535308044/technical-pack/data.json"},"source_fingerprint":"b30d7ee42845848f6eb2d1b09ceafa87a5e71e1c0c0ad48565008b663c7465e5","content_hash":"dcf37ce7a2b2e94179f3078aa4d57b5aece2160756a1f62ff67cc36728c1a167","citation":"Sharemaestro, ZWC-T Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/579e3bb0-ca27-4ab3-9b8d-680535308044/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}