{"schema_version":"1.0","name":"0131A0 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"73251e8a-4c39-4127-9e8d-3ada2105b303","symbol":"0131A0","name":"Shinhan Sol China Consumer Trend Etf","exchange":"KSC","country":"KR","asset_type":"etf","currency":"KRW","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. 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A green marker is required before the recovery is treated as confirmed.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Slightly 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 remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 10.3% across 2 completed cases, with the largest move arriving after 5.0 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-11-28","2025-12-05","2025-12-12","2025-12-19","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","2026-08-21"],"close":[10478.8936,10358.9062,10033.9404,9513.9951,9469.0,9250.0,9575.0,9385.0,10105.0,9970.0,10290.0,10275.0,10380.0,10490.0,10435.0,10545.0,10875.0,10480.0,9975.0,10030.0,9860.0,10015.0,10085.0,9750.0,9475.0,9300.0,9485.0,9750.0,9590.0,8915.0,8270.0,8475.0,8155.0,8450.0,8120.0,8140.0,7965.0,7840.0,7930.0],"consensus":[76.1468,-81.3333,-14.634,-44.6475,-60.2055,-48.3867,0.0,-37.8484,40.9542,0.0,36.4552,14.5099,15.5299,22.489,11.076,23.6515,45.5483,-17.5682,-42.4877,0.0,-41.8081,0.0,8.0716,-32.4652,-45.2986,-40.3377,0.0,12.4006,0.0,-44.3041,-62.5127,-31.0658,-44.8247,-9.6164,-57.179,-32.1847,-49.5212,-48.9652,-14.015],"supportDates":["2025-11-28","2025-12-05","2025-12-12","2025-12-19","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","2026-08-21"],"control":[null,null,null,null,null,-44.8795,0.0,-43.2126,38.3435,0.0,30.0596,0.3042,8.7046,12.9463,7.3281,20.6254,51.4728,-22.995,-43.9784,0.0,-38.174,0.0,9.3001,-35.3605,-52.3544,-38.0437,0.0,21.8395,0.0,-48.167,-70.8523,-24.7032,-40.6837,-2.9595,-67.3907,-32.7198,-52.1674,-47.4164,-9.6866],"force":[76.1468,-81.3333,-14.634,-44.6475,-20.622,-24.8754,0.0,-24.9821,50.9392,0.0,34.1549,0.6988,1.7582,8.7163,3.1024,13.4183,37.6932,-48.0724,-60.6836,0.0,-52.8781,0.0,19.7385,-30.3868,-38.6084,-29.5373,0.0,26.9661,0.0,-31.3303,-46.6125,-1.3006,-23.6248,-28.5421,-54.6403,-5.9469,-48.4931,-41.2357,-18.1417],"direction":[null,null,null,null,-88.4794,-69.1887,0.0,-40.9081,36.8056,0.0,45.4075,41.6084,33.1671,43.2325,25.4868,34.4193,44.3883,-10.4226,-27.787,0.0,-38.0543,0.0,1.6659,-30.6409,-42.0134,-50.6741,0.0,8.7907,0.0,-49.1563,-64.3391,-61.4563,-64.7,-51.2449,-47.322,-50.3145,-47.2314,-56.2565,-41.9309],"intensity":[null,null,null,null,25.0,60.0,50.0,14.2857,100.0,66.6667,30.0,100.0,83.3333,46.1538,21.4286,6.6667,50.0,64.7059,100.0,26.3158,10.0,47.619,22.7273,56.5217,33.3333,52.0,11.5385,81.4815,64.2857,86.2069,83.3333,16.129,56.25,33.3333,52.9412,5.7143,16.6667,8.1081,34.2105],"confirmation":[47.0336,48.6933,27.3496,36.9539,62.7896,82.8207,31.52,79.6376,81.4494,27.623,79.693,27.2119,49.9872,74.9221,26.4978,75.3027,82.2458,31.3589,82.1279,3.849,81.7714,3.695,48.6085,78.2814,82.1841,80.6139,7.0876,28.8103,3.0594,81.7231,87.3924,54.6624,81.7609,8.8263,86.0643,54.8247,83.7751,83.4569,38.1076],"persistence":[null,null,33.3333,50.0,60.0,66.6667,57.1429,62.5,62.5,50.0,25.0,0.0,25.0,50.0,62.5,87.5,87.5,75.0,50.0,37.5,12.5,0.0,0.0,25.0,50.0,50.0,37.5,25.0,12.5,25.0,50.0,50.0,50.0,50.0,62.5,87.5,100.0,100.0,100.0],"assessmentRisk":[null,null,null,null,19.8954,25.8065,44.2748,5.432,26.4674,47.0207,30.1394,42.2726,27.0074,35.4032,16.4082,24.4713,25.2512,7.0284,23.5935,42.8732,28.9665,44.7961,17.7608,25.4334,23.3944,29.5855,45.8763,6.2003,20.6023,22.1354,18.7143,34.4482,27.5811,40.0265,6.4247,23.4152,2.6784,23.706,20.274],"volumeParticipation":true,"latest":{"consensus":-14.0,"control":-9.7,"force":-18.1,"direction":-41.9,"confirmation":38.1,"persistence":100.0,"assessmentRisk":20.3,"intensity":34.2,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-14.0","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-9.7","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-18.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-41.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"38/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"30.1","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"6.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"26.5","detail":"Directional","tone":"positive"},{"label":"Range position","value":"7%","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 downward.","series":[{"label":"Close","values":[10478.8936,10358.9062,10033.9404,9513.9951,9469.0,9250.0,9575.0,9385.0,10105.0,9970.0,10290.0,10275.0,10380.0,10490.0,10435.0,10545.0,10875.0,10480.0,9975.0,10030.0,9860.0,10015.0,10085.0,9750.0,9475.0,9300.0,9485.0,9750.0,9590.0,8915.0,8270.0,8475.0,8155.0,8450.0,8120.0,8140.0,7965.0,7840.0,7930.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,10085.6326,9933.6994,9868.4813,9780.5756,9839.5619,9863.2779,9940.8637,10001.6158,10070.4129,10146.7015,10199.1194,10262.0068,10373.4601,10392.831,10316.8617,10264.705,10191.1223,10159.1001,10145.6273,10073.6951,9964.8414,9843.9612,9778.6955,9773.4781,9740.1185,9590.0969,9350.0793,9190.974,9002.6151,8902.1396,8759.9324,8647.2174,8523.1779,8398.9637,8313.6976],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,10149.6023,10174.817,10194.0898,10220.0831,10268.5955,10284.2551,10261.3473,10244.2105,10215.7504,10200.88,10192.2963,10159.5336,10108.8274,10048.9143,10007.1429,9988.0952,9958.6067,9881.3025,9761.9468,9666.6174,9554.6457,9472.8201,9372.6112,9281.3067,9183.8025,9084.2616,8998.7607],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,10629.9841,10682.0206,10714.7919,10761.7243,10821.8561,10856.092,10903.8636,11015.4639,11029.2101,10999.595,10973.8547,10930.2477,10902.5973,10905.2769,10893.341,10892.7888,10885.7401,10892.8332,10865.8506,10868.1363,10954.5942,11104.0751,11149.5544,11190.906,11136.4455,11097.0498,10999.6539,10806.2527,10670.351,10588.2226],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,8997.963,9032.4767,9069.3306,9097.4657,9117.3918,9145.206,9165.4783,9152.7403,9182.9827,9198.7982,9217.6188,9199.3365,9192.5962,9195.0227,9230.559,9231.7112,9243.7599,9227.6668,9291.1494,9237.3637,9045.4058,8693.9249,8468.4456,8204.594,8055.0545,7862.9502,7719.8461,7622.2473,7494.149,7371.7774],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-11-28","2025-12-05","2025-12-12","2025-12-19","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","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,-82.5946,-42.7335,-15.4038,14.9589,64.9016,71.7809,36.0678,12.0638,-20.4414,-33.3109,-37.4301,-66.9545,-111.2605,-158.6654,-179.2399,-172.1774,-177.4454,-233.3968,-326.0266,-378.531,-440.8804,-461.1725,-498.1402,-519.8312,-544.8617,-568.2347,-572.8918],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-24.8046,-5.4875,2.8235,4.6716,-0.351,-6.943,-13.0404,-23.8232,-41.3107,-64.7816,-87.6733,-104.5741,-119.1484,-141.998,-178.8038,-218.7492,-263.1754,-302.7749,-341.8479,-377.4446,-410.928,-442.3893,-468.4898],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,89.7062,77.2684,33.2442,7.3922,-20.0904,-26.3679,-24.3897,-43.1313,-69.9498,-93.8837,-91.5666,-67.6033,-58.2971,-91.3988,-147.2228,-159.7818,-177.7049,-158.3976,-156.2922,-142.3866,-133.9337,-125.8454,-104.402],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-11-28","2025-12-05","2025-12-12","2025-12-19","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","2026-08-21"]},{"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 drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-1.145,-4.2462,-9.208,-9.6374,-11.7273,-8.6258,-10.439,-3.5681,-4.8564,-1.8026,-1.9458,-0.9437,0.0,-0.5243,0.0,0.0,-3.6322,-8.2759,-7.7701,-9.3333,-7.908,-7.2644,-10.3448,-12.8736,-14.4828,-12.7816,-10.3448,-11.8161,-18.023,-23.954,-22.069,-25.0115,-22.2989,-25.3333,-25.1494,-26.7586,-27.908,-27.0805],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,1.4595,9.2432,7.7838,11.2432,11.0811,12.2162,13.4054,12.8108,14.0,17.5676,13.2973,7.8378,8.4324,6.5946,8.2703,9.027,5.4054,2.4324,0.5405,2.5405,5.4054,3.6757,0.0,0.0,2.4788,0.0,3.6174,0.0,0.2463,0.0,0.0,1.148],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-11-28","2025-12-05","2025-12-12","2025-12-19","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","2026-08-21"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,5.7697,5.6767,5.5448,5.2585,5.8371,6.1063,5.9453,5.8005,5.7094,5.5056,5.6873,5.7585,5.7934,5.6361,5.3001,5.3909,5.9738,6.5497,6.2003,6.36,6.156,6.2389,6.1519,6.1429,6.2871,6.0825],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,16.6296,16.7343,16.6342,16.7606,17.0966,17.1077,17.3238,18.4719,18.2685,17.8311,17.3958,17.1977,17.019,17.0172,16.5254,16.508,16.3142,16.5519,15.6244,16.2222,19.0919,24.3474,27.3332,30.7939,32.112,34.115,35.0416,34.5552,34.9715,35.8179],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["2025-11-28","2025-12-05","2025-12-12","2025-12-19","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","2026-08-21"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}