{"schema_version":"1.0","name":"WEM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"5b14ef30-6c33-41d1-b4e0-258227c91f9e","symbol":"WEM","name":"WisdomTree True Emerging Markets UCITS ETF - USD Acc","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","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, Acceleration, deceleration and rollover, Range pressure and compression."},{"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":19,"displayedObservations":19,"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 risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["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],"opens":[26.565001,26.745001,26.245001,25.73,26.139999,25.43,25.834999,25.360001,25.540001,25.530001,25.055,25.49,25.432501,25.48,25.504999,25.695,26.26,26.145,25.6075],"highs":[26.68,26.82,26.245001,26.655001,26.23,25.635,26.035,25.365,25.540001,25.530001,25.1325,25.49,25.432501,25.48,25.790001,26.09,26.379999,26.145,26.02],"lows":[26.565001,26.105,25.727501,25.73,25.125,25.145,25.615,25.02,25.442499,25.442499,24.895,25.465,25.432501,25.48,25.405001,25.465,26.040001,25.49,25.48],"closes":[27.02,26.065001,25.987499,26.184999,25.467501,25.4625,25.92,25.02,25.442499,25.442499,25.1325,25.465,25.432501,25.48,25.58,25.942499,26.040001,25.5375,26.02],"hoverRows":[[{"label":"Open","value":"26.6","className":"is-ohlc","compact":true},{"label":"High","value":"26.7","className":"is-ohlc","compact":true},{"label":"Low","value":"26.6","className":"is-ohlc","compact":true},{"label":"Close","value":"27.0","className":"is-ohlc","compact":true},{"label":"Market 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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":"25.7","className":"is-ohlc","compact":true},{"label":"High","value":"26.1","className":"is-ohlc","compact":true},{"label":"Low","value":"25.5","className":"is-ohlc","compact":true},{"label":"Close","value":"25.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"26.3","className":"is-ohlc","compact":true},{"label":"High","value":"26.4","className":"is-ohlc","compact":true},{"label":"Low","value":"26.0","className":"is-ohlc","compact":true},{"label":"Close","value":"26.0","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":"26.1","className":"is-ohlc","compact":true},{"label":"High","value":"26.1","className":"is-ohlc","compact":true},{"label":"Low","value":"25.5","className":"is-ohlc","compact":true},{"label":"Close","value":"25.5","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":"25.6","className":"is-ohlc","compact":true},{"label":"High","value":"26.0","className":"is-ohlc","compact":true},{"label":"Low","value":"25.5","className":"is-ohlc","compact":true},{"label":"Close","value":"26.0","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}]],"pressureRange":[-2.3,2.3],"priceRange":[24.9,27.14],"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":19,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-17","price":27.02},{"date":"2026-07-24","price":25.58}],"reversal_dangers":[{"date":"2026-04-24","price":26.065001},{"date":"2026-07-31","price":25.942499}]}},"smTape":{"available":true,"dates":["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":[27.02,26.065,25.9875,26.185,25.4675,25.4625,25.92,25.02,25.4425,25.4425,25.1325,25.465,25.4325,25.48,25.58,25.9425,26.04,25.5375,26.02],"consensus":[100.0,-100.0,0.0,0.0,-79.0859,-40.4804,0.0,-79.2651,-27.1497,-40.2005,-45.1751,-8.2918,-21.5515,-12.3908,14.9574,54.0742,22.5772,-41.6208,54.2924],"supportDates":["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,-28.2827,0.0,-87.7013,-36.8688,-52.8402,-23.3875,-28.4467,-23.9647,-14.8002,1.5881,40.1109,2.9384,-46.2051,50.4599],"force":[100.0,-100.0,0.0,0.0,-50.0234,-5.4641,0.0,-63.2137,-14.2601,-15.4064,-40.556,-24.8231,-3.0717,-5.4808,41.6504,82.4749,18.4009,-82.1977,77.5923],"direction":[null,null,null,null,-99.8448,-79.4323,0.0,-81.0889,-45.6207,-43.4651,-73.3745,-8.9112,-31.9935,-22.4025,11.17,49.7462,48.0045,-7.3981,42.0296],"intensity":[null,null,null,null,75.0,60.0,33.3333,85.7143,25.0,11.1111,50.0,54.5455,16.6667,15.3846,28.5714,33.3333,75.0,58.8235,50.0],"confirmation":[54.6667,54.6667,0.1543,0.301,69.3122,57.4058,7.9451,92.7471,32.9866,79.9159,82.6473,29.2993,51.6299,49.8862,51.1369,86.3821,52.73,59.8188,55.0],"persistence":[null,null,0.0,0.0,20.0,33.3333,28.5714,37.5,62.5,62.5,75.0,87.5,87.5,87.5,75.0,50.0,25.0,25.0,0.0],"assessmentRisk":[null,null,null,null,10.3292,23.5362,3.5589,9.2122,11.2742,18.1619,23.5281,40.0948,9.7156,10.3026,33.4525,14.4489,34.1612,28.4532,13.1658],"volumeParticipation":true,"latest":{"consensus":54.3,"control":50.5,"force":77.6,"direction":42.0,"confirmation":55.0,"persistence":0.0,"assessmentRisk":13.2,"intensity":50.0,"evidenceDepth":73},"analysis":{"status":"Completed tape has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Completed tape","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":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+54.3","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+50.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+77.6","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+42.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"24.0","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"1.5%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"58%","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 is rotating through its trend references.","series":[{"label":"Close","values":[27.02,26.065,25.9875,26.185,25.4675,25.4625,25.92,25.02,25.4425,25.4425,25.1325,25.465,25.4325,25.48,25.58,25.9425,26.04,25.5375,26.02],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,26.3927,26.2236,26.1684,25.9596,25.8656,25.7887,25.6694,25.6322,25.5959,25.5748,25.5758,25.6424,25.7147,25.6825,25.7439],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,26.1189,26.0716,26.0352,26.0283,26.0292,25.9927,25.9948],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,26.868,26.8278,26.7696,26.7178,26.6714,26.6325,26.6279,26.6352,26.6031,26.6073],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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