{"schema_version":"1.0","name":"YGLX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"7b67e5cc-c6b7-4fec-9e61-1ea57fa5bb26","symbol":"YGLX","name":"IncomeShares Galaxy Digital (GLXY) 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, Drawdown and recovery pressure, Activity pressure and cumulative balance, 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":"Aligned downward","stateTone":"negative","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":"2026-06-19","price":928.8952}],"reversal_dangers":[{"date":"2026-06-26","price":758.5665}]}},"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":[612.9019,719.9254,813.6671,815.9131,901.4055,823.625,875.8349,845.0098,869.0958,631.1424,879.0744,928.8952,758.5665,659.75,681.0,572.625,646.5,574.125,517.75,541.75,584.5],"consensus":[-57.8988,100.0,93.4978,0.0,79.517,10.7553,46.2799,20.3996,25.8153,-71.6454,53.1362,44.0599,-22.4907,-33.6314,-35.0944,-66.8609,0.0,-46.9815,-49.8312,0.0,-3.3297],"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,14.6135,43.9103,18.1688,25.9003,-75.4379,70.8907,41.0107,-8.8994,-43.9528,-38.0728,-72.911,0.0,-45.2598,-43.469,0.0,-12.4101],"force":[-57.8988,100.0,93.4978,0.0,51.582,27.2912,22.298,15.936,19.6284,-67.3217,44.3813,22.5537,-25.3086,-20.3363,-1.295,-48.4762,0.0,-40.8124,-43.0028,0.0,-23.1438],"direction":[null,null,null,null,99.4706,66.9243,66.118,48.9033,30.1374,-70.3994,39.0987,62.9063,-36.0108,-31.3319,-57.6829,-73.0783,0.0,-53.3556,-61.9798,0.0,-40.2277],"intensity":[null,null,null,null,50.0,20.0,16.6667,28.5714,50.0,100.0,100.0,27.2727,83.3333,61.5385,7.1429,80.0,56.25,29.4118,16.6667,5.2632,15.0],"confirmation":[41.1943,54.6667,52.5859,0.5281,69.5017,34.2751,82.1148,31.5209,76.0711,90.737,84.4662,81.4902,75.49,78.1996,55.6854,88.743,8.6964,82.8723,83.8348,9.0789,30.75],"persistence":[null,null,33.3333,25.0,40.0,50.0,57.1429,62.5,87.5,62.5,62.5,75.0,50.0,25.0,0.0,25.0,37.5,37.5,62.5,75.0,62.5],"assessmentRisk":[null,null,null,null,10.2414,39.6457,14.2248,10.7949,37.2018,11.8973,25.2409,8.8122,24.2887,28.2293,28.9334,16.3168,32.9084,7.3273,19.1084,9.629,22.3088],"volumeParticipation":true,"latest":{"consensus":-3.3,"control":-12.4,"force":-23.1,"direction":-40.2,"confirmation":30.8,"persistence":62.5,"assessmentRisk":22.3,"intensity":15.0,"evidenceDepth":81},"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 downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-3.3","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-12.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-23.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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