{"schema_version":"1.0","name":"AA2 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"82541cf4-f3a3-48cf-bfa6-300ce29b6a72","symbol":"AA2","name":"ARIANARES CDI 1:10 [AA2]","exchange":"ASX","country":"AU","asset_type":"equity","currency":"AUD","sector":"Basic Materials","industry":"Gold"},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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, Activity pressure and cumulative balance, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Directional strength and control, Range position and boundary pressure."},{"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":50,"displayedObservations":50,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Price structure and the underlying tape currently reinforce the same downside read.","evidenceAlignment":{"status":"Evidence aligned downward","headline":"Downward price structure is confirmed by Market Dynamics","summary":"Price structure and the underlying tape currently reinforce the same downside read.","take":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","tone":"negative","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.203508,0.223591,0.201158,0.154205,0.126429,0.073742,-0.117828,-0.288851,-0.376642,-0.427443,-0.414091,-0.537106,-0.744947,-0.994804,-1.221272,-1.354106,-1.44011,-1.430755,-1.430681,-1.43552,-1.436791,-1.467387],"opens":[0.365,0.35,0.335,0.365,0.355,0.35,0.355,0.355,0.4,0.37,0.37,0.335,0.34,0.31,0.3,0.305,0.295,0.295,0.31,0.285,0.265,0.275],"highs":[0.365,0.375,0.365,0.375,0.355,0.355,0.36,0.38,0.435,0.38,0.38,0.335,0.34,0.31,0.3,0.305,0.295,0.31,0.31,0.285,0.275,0.285],"lows":[0.33,0.33,0.335,0.355,0.345,0.345,0.345,0.35,0.35,0.37,0.35,0.33,0.33,0.3,0.3,0.305,0.295,0.28,0.285,0.255,0.26,0.275],"closes":[0.33,0.335,0.365,0.36,0.35,0.355,0.345,0.355,0.355,0.37,0.35,0.335,0.33,0.3,0.3,0.305,0.295,0.31,0.3,0.265,0.275,0.285],"hoverRows":[[{"label":"Open","value":"0.36","className":"is-ohlc","compact":true},{"label":"High","value":"0.36","className":"is-ohlc","compact":true},{"label":"Low","value":"0.33","className":"is-ohlc","compact":true},{"label":"Close","value":"0.33","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.20","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.35","className":"is-ohlc","compact":true},{"label":"High","value":"0.38","className":"is-ohlc","compact":true},{"label":"Low","value":"0.33","className":"is-ohlc","compact":true},{"label":"Close","value":"0.34","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.22","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.34","className":"is-ohlc","compact":true},{"label":"High","value":"0.36","className":"is-ohlc","compact":true},{"label":"Low","value":"0.34","className":"is-ohlc","compact":true},{"label":"Close","value":"0.36","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.20","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"0.36","className":"is-ohlc","compact":true},{"label":"High","value":"0.38","className":"is-ohlc","compact":true},{"label":"Low","value":"0.35","className":"is-ohlc","compact":true},{"label":"Close","value":"0.36","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.15","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.35","className":"is-ohlc","compact":true},{"label":"High","value":"0.35","className":"is-ohlc","compact":true},{"label":"Low","value":"0.34","className":"is-ohlc","compact":true},{"label":"Close","value":"0.35","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.13","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"0.35","className":"is-ohlc","compact":true},{"label":"High","value":"0.35","className":"is-ohlc","compact":true},{"label":"Low","value":"0.34","className":"is-ohlc","compact":true},{"label":"Close","value":"0.35","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.07","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.35","className":"is-ohlc","compact":true},{"label":"High","value":"0.36","className":"is-ohlc","compact":true},{"label":"Low","value":"0.34","className":"is-ohlc","compact":true},{"label":"Close","value":"0.34","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.12","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.35","className":"is-ohlc","compact":true},{"label":"High","value":"0.38","className":"is-ohlc","compact":true},{"label":"Low","value":"0.35","className":"is-ohlc","compact":true},{"label":"Close","value":"0.35","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.29","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.40","className":"is-ohlc","compact":true},{"label":"High","value":"0.43","className":"is-ohlc","compact":true},{"label":"Low","value":"0.35","className":"is-ohlc","compact":true},{"label":"Close","value":"0.35","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.38","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.37","className":"is-ohlc","compact":true},{"label":"High","value":"0.38","className":"is-ohlc","compact":true},{"label":"Low","value":"0.37","className":"is-ohlc","compact":true},{"label":"Close","value":"0.37","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.43","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.37","className":"is-ohlc","compact":true},{"label":"High","value":"0.38","className":"is-ohlc","compact":true},{"label":"Low","value":"0.35","className":"is-ohlc","compact":true},{"label":"Close","value":"0.35","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.41","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.34","className":"is-ohlc","compact":true},{"label":"High","value":"0.34","className":"is-ohlc","compact":true},{"label":"Low","value":"0.33","className":"is-ohlc","compact":true},{"label":"Close","value":"0.34","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.54","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.34","className":"is-ohlc","compact":true},{"label":"High","value":"0.34","className":"is-ohlc","compact":true},{"label":"Low","value":"0.33","className":"is-ohlc","compact":true},{"label":"Close","value":"0.33","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.74","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.31","className":"is-ohlc","compact":true},{"label":"High","value":"0.31","className":"is-ohlc","compact":true},{"label":"Low","value":"0.30","className":"is-ohlc","compact":true},{"label":"Close","value":"0.30","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.99","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.30","className":"is-ohlc","compact":true},{"label":"High","value":"0.30","className":"is-ohlc","compact":true},{"label":"Low","value":"0.30","className":"is-ohlc","compact":true},{"label":"Close","value":"0.30","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.22","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.30","className":"is-ohlc","compact":true},{"label":"High","value":"0.30","className":"is-ohlc","compact":true},{"label":"Low","value":"0.30","className":"is-ohlc","compact":true},{"label":"Close","value":"0.30","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.35","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.29","className":"is-ohlc","compact":true},{"label":"High","value":"0.29","className":"is-ohlc","compact":true},{"label":"Low","value":"0.29","className":"is-ohlc","compact":true},{"label":"Close","value":"0.29","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.44","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.29","className":"is-ohlc","compact":true},{"label":"High","value":"0.31","className":"is-ohlc","compact":true},{"label":"Low","value":"0.28","className":"is-ohlc","compact":true},{"label":"Close","value":"0.31","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.43","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.31","className":"is-ohlc","compact":true},{"label":"High","value":"0.31","className":"is-ohlc","compact":true},{"label":"Low","value":"0.28","className":"is-ohlc","compact":true},{"label":"Close","value":"0.30","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.43","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.28","className":"is-ohlc","compact":true},{"label":"High","value":"0.28","className":"is-ohlc","compact":true},{"label":"Low","value":"0.26","className":"is-ohlc","compact":true},{"label":"Close","value":"0.27","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.44","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.27","className":"is-ohlc","compact":true},{"label":"High","value":"0.28","className":"is-ohlc","compact":true},{"label":"Low","value":"0.26","className":"is-ohlc","compact":true},{"label":"Close","value":"0.28","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.44","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.28","className":"is-ohlc","compact":true},{"label":"High","value":"0.28","className":"is-ohlc","compact":true},{"label":"Low","value":"0.28","className":"is-ohlc","compact":true},{"label":"Close","value":"0.28","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.47","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[0.2587,0.3763],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-1.467387,"state":"Negative and broadly steady","context":{"scenario":"negativeSteady","latestDirection":"slight easing","fourWeekDirection":"steady","now":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"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":"Negative and broadly steady","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and broadly steady","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Supported","detail":"The broader path has not changed enough to establish a new direction.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":22,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-10","price":0.365}],"reversal_dangers":[{"date":"2026-04-24","price":0.35}]}},"smTape":{"available":true,"dates":["2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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":[0.28,0.36,0.315,0.315,0.35,0.35,0.32,0.295,0.275,0.28,0.27,0.27,0.295,0.285,0.26,0.29,0.29,0.3,0.285,0.3,0.335,0.35,0.36,0.355,0.37,0.355,0.355,0.34,0.33,0.335,0.365,0.36,0.35,0.355,0.345,0.355,0.355,0.37,0.35,0.335,0.33,0.3,0.3,0.305,0.295,0.31,0.3,0.265,0.275,0.285],"consensus":[-71.4286,57.1429,-71.4286,0.0,59.7153,11.2382,-13.0799,-33.2823,-49.3791,-24.3749,-34.9816,-34.0411,20.5997,-16.2751,-42.5555,19.3402,0.0,20.3712,-10.8993,24.4063,43.4429,50.5199,38.7137,16.6751,42.9843,0.0,19.1113,-17.5876,-27.4131,-9.8499,42.2359,8.6543,0.0,26.7266,-22.2415,0.0,0.0,12.6278,-22.2205,-11.3011,-33.8949,-61.7731,-32.3064,-25.2456,-37.8111,13.22,-25.8275,-66.7665,-9.3311,-5.3485],"supportDates":["2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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,11.743,-23.1743,-35.0186,-47.2837,-16.0403,-31.6706,-38.6427,16.3494,-22.5586,-45.2686,16.7525,0.0,22.5251,-22.5176,27.1062,30.0693,49.831,29.306,0.9756,41.2847,0.0,23.9393,-12.5943,-28.1322,-8.4007,54.0047,1.7638,0.0,32.7149,-25.3969,0.0,0.0,6.0972,-29.5985,-1.2766,-39.7129,-68.2914,-27.0611,-19.37,-34.7377,17.889,-27.4274,-62.7996,-5.0056,-11.7896],"force":[-71.4286,57.1429,-71.4286,0.0,30.0896,10.1107,-28.6038,-41.9904,-49.9942,-9.1811,-22.5482,-20.6569,37.417,-22.273,-50.5831,30.4465,0.0,22.1414,-18.6129,33.5045,60.213,48.3601,28.8729,8.4385,30.7594,0.0,7.5062,-50.7292,-39.7097,-14.4559,43.8241,6.7275,0.0,23.9548,-32.7617,0.0,0.0,4.9634,-43.9079,-7.3893,-27.4241,-60.852,-9.7639,-2.8566,-20.0595,44.8025,-20.1169,-82.4805,-24.2254,-20.191],"direction":[null,null,null,null,80.8765,25.9106,-9.5451,-25.0779,-51.3344,-44.7529,-47.6465,-38.3423,13.4448,-4.8097,-33.7208,14.3647,0.0,16.6451,-7.8885,14.8219,46.7483,52.85,56.4946,52.5555,53.6589,0.0,21.8828,-0.3784,-17.8081,-8.2162,27.6515,27.5162,0.0,21.8625,-11.121,0.0,0.0,25.5659,-1.7026,-25.5518,-31.8676,-54.9816,-54.4027,-47.9528,-54.0031,14.6749,-28.078,-60.0759,-49.6848,-43.1775],"intensity":[null,null,null,null,50.0,20.0,33.3333,85.7143,12.5,11.1111,30.0,18.1818,75.0,53.8462,42.8571,53.3333,6.25,23.5294,27.7778,31.5789,85.0,23.8095,68.1818,34.7826,37.5,40.0,50.0,96.2963,96.4286,17.2414,63.3333,41.9355,43.75,12.1212,20.5882,48.5714,91.6667,91.8919,47.3684,76.9231,12.5,70.7317,21.4286,13.9535,25.0,40.0,26.087,74.4681,27.0833,42.8571],"confirmation":[45.5238,40.9524,45.5238,2.0622,63.0879,27.7615,29.2078,78.8893,83.852,75.4639,78.8656,78.4151,75.1692,50.6284,81.8211,74.5668,0.8635,74.5399,50.562,76.0462,82.6166,84.111,80.2318,6.6101,81.4083,31.5134,51.0217,52.1282,77.136,71.3144,81.3846,26.5075,25.292,76.3768,75.3898,1.3873,27.2907,26.5735,53.3556,26.3166,78.5605,87.64,77.731,52.8191,79.6054,30.9191,76.0664,89.9046,8.4177,38.6835],"persistence":[null,null,33.3333,25.0,0.0,16.6667,0.0,12.5,12.5,37.5,37.5,50.0,50.0,75.0,75.0,50.0,37.5,12.5,12.5,12.5,12.5,37.5,62.5,62.5,75.0,62.5,87.5,62.5,37.5,12.5,12.5,12.5,0.0,12.5,12.5,0.0,12.5,37.5,12.5,12.5,25.0,50.0,50.0,62.5,75.0,75.0,75.0,75.0,75.0,62.5],"assessmentRisk":[null,null,null,null,15.6228,17.4008,12.5495,6.515,23.4102,35.8277,27.415,15.2342,17.4141,16.1549,0.6391,27.8613,12.7937,23.9389,49.4365,13.782,27.5224,24.4204,30.6247,41.4995,26.8416,16.0195,23.913,28.3063,35.8756,39.0133,6.3808,38.7172,40.4687,32.3118,34.8387,21.2125,22.4865,35.2846,29.3477,39.291,30.8796,19.1038,33.7189,36.707,30.7897,25.5627,12.9137,16.0769,38.473,43.221],"volumeParticipation":true,"latest":{"consensus":-5.3,"control":-11.8,"force":-20.2,"direction":-43.2,"confirmation":38.7,"persistence":62.5,"assessmentRisk":43.2,"intensity":42.9,"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-5.3","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-11.8","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-20.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-43.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"39/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"49.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"9.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"27.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"17%","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":[0.28,0.36,0.315,0.315,0.35,0.35,0.32,0.295,0.275,0.28,0.27,0.27,0.295,0.285,0.26,0.29,0.29,0.3,0.285,0.3,0.335,0.35,0.36,0.355,0.37,0.355,0.355,0.34,0.33,0.335,0.365,0.36,0.35,0.355,0.345,0.355,0.355,0.37,0.35,0.335,0.33,0.3,0.3,0.305,0.295,0.31,0.3,0.265,0.275,0.285],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,0.3102,0.3174,0.3179,0.3137,0.3067,0.3018,0.296,0.2913,0.292,0.2907,0.2851,0.286,0.2867,0.2891,0.2884,0.2905,0.2986,0.3079,0.3174,0.3242,0.3326,0.3366,0.34,0.34,0.3382,0.3376,0.3426,0.3457,0.3465,0.3481,0.3475,0.3489,0.35,0.3536,0.353,0.3497,0.3461,0.3377,0.3309,0.3262,0.3205,0.3186,0.3152,0.3061,0.3004,0.2976],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.293,0.2924,0.29,0.29,0.29,0.2908,0.2903,0.291,0.2943,0.2984,0.303,0.3068,0.3115,0.3147,0.3177,0.3194,0.3202,0.3213,0.3245,0.3271,0.3288,0.3308,0.3318,0.3335,0.3351,0.3377,0.3386,0.3383,0.3377,0.3349,0.3323,0.3303,0.3277,0.3264,0.3244,0.32,0.3167,0.3144],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,0.3738,0.3724,0.3703,0.3673,0.3645,0.3636,0.3611,0.3589,0.3573,0.3553,0.354,0.3581,0.3556,0.3634,0.3693,0.3736,0.3746,0.3793,0.3825,0.3837,0.3853,0.3897,0.3919,0.3939,0.3951,0.3902,0.3896,0.3877,0.3882,0.3806,0.3738,0.3744,0.3808,0.3836,0.3846,0.3839,0.3828,0.3819,0.3868,0.389,0.3892],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,0.2542,0.2476,0.243,0.2443,0.2441,0.2391,0.2401,0.2411,0.2427,0.2431,0.2445,0.2459,0.2474,0.2441,0.2422,0.2399,0.2394,0.2382,0.2395,0.2438,0.2477,0.2528,0.2596,0.2631,0.2689,0.2823,0.2894,0.2978,0.3043,0.3184,0.3287,0.3276,0.3162,0.3074,0.3014,0.2946,0.2912,0.2866,0.2742,0.2665,0.2613],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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":"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,65.2833,57.6116,58.3004,12.974,57.7613,70.716,68.8909,66.9547,37.1596,51.1327,45.7563,42.0953,74.0276,237.6042,138.8553,138.3238,19.1865,62.4924,61.1816,69.5368,211.6097,37.3817,32.6045,7.4249,20.0191,4.4674,4.4837,32.0662,27.2969,175.5666,5.4002,39.5781,12.767,8.5876,36.3482,2.6511,0.0,0.0,26.351,23.4778,188.0387,22.7612,9.4413],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,100.6605,88.8853,100.2736,97.9422,97.9422,109.8884,98.5225,87.7308,93.4793,93.4793,100.1356,94.2027,104.4954,135.0,135.0,135.0,133.8857,135.0,131.9961,131.9961,121.3717,119.5616,121.0803,121.4234,120.535,120.3486,120.5245,119.3265,120.324,120.324,120.5223,119.0945,118.6612,118.4322,117.5946,117.5946,117.5946,117.5946,118.008,117.675,115.8343,116.0389,116.1169],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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":[0.0,0.0,-12.5,-12.5,-2.7778,-2.7778,-11.1111,-18.0556,-23.6111,-22.2222,-25.0,-25.0,-18.0556,-20.8333,-27.7778,-19.4444,-19.4444,-16.6667,-20.8333,-16.6667,-6.9444,-2.7778,0.0,-1.3889,0.0,-4.0541,-4.0541,-8.1081,-10.8108,-9.4595,-1.3514,-2.7027,-5.4054,-4.0541,-6.7568,-4.0541,-4.0541,0.0,-5.4054,-9.4595,-10.8108,-18.9189,-18.9189,-17.5676,-20.2703,-16.2162,-18.9189,-28.3784,-25.6757,-22.973],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,5.3571,0.0,1.8182,0.0,0.0,9.2593,5.5556,0.0,11.5385,11.5385,15.3846,9.6154,15.3846,28.8462,34.6154,38.4615,36.5385,42.3077,36.5385,36.5385,30.7692,26.9231,28.8462,40.3846,38.4615,34.6154,36.5385,32.6923,36.5385,36.5385,42.3077,34.6154,28.8462,15.7895,5.2632,5.2632,7.0175,0.0,5.0847,1.6949,0.0,3.7736,7.5472],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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,0.0001,-0.0005,-0.0031,-0.0026,-0.0022,-0.0011,-0.0013,-0.0004,0.0032,0.0071,0.011,0.0134,0.0164,0.0173,0.0179,0.0169,0.0152,0.014,0.0153,0.0158,0.0152,0.015,0.0138,0.0135,0.0132,0.0139,0.0128,0.0105,0.0082,0.0039,0.0006,-0.0017,-0.0043,-0.005,-0.0064,-0.0101,-0.0122,-0.0128],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0013,-0.0012,-0.0012,-0.0011,-0.0002,0.0013,0.0032,0.0052,0.0075,0.0094,0.0111,0.0123,0.0129,0.0131,0.0135,0.014,0.0142,0.0144,0.0143,0.0141,0.0139,0.0139,0.0137,0.013,0.0121,0.0105,0.0085,0.0064,0.0043,0.0024,0.0007,-0.0015,-0.0036,-0.0055],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0009,0.0002,-0.0001,0.0007,0.0034,0.0059,0.0078,0.0082,0.0089,0.0079,0.0068,0.0046,0.0023,0.0009,0.0018,0.0018,0.001,0.0006,-0.0005,-0.0006,-0.0008,-0.0,-0.0009,-0.0025,-0.0039,-0.0065,-0.0079,-0.0082,-0.0086,-0.0075,-0.007,-0.0086,-0.0085,-0.0074],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,32.8488,33.839,34.7586,35.7992,36.7654,37.8575,38.2764,38.6654,39.1505,40.0572,41.785,43.3893,43.7297,43.0358,42.5096,40.6708,38.9634,37.5338,35.7522,34.5941,33.5187,31.1909,29.0293,27.4238],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,18.0435,16.6239,15.4596,14.8978,15.4235,14.8168,15.2307,23.3605,22.4174,26.8927,26.0429,26.792,25.328,23.4001,31.2942,29.2053,28.6145,26.9759,27.8851,27.0232,26.4365,26.6702,29.061,35.1299,33.3323,31.2649,29.932,30.3824,28.3285,28.3285,29.2529,28.4623,30.192,28.1622,24.9152,23.925,26.0355],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,8.8016,12.4799,11.6058,11.1841,10.8651,12.4045,11.9004,10.622,10.1932,9.4725,9.1731,8.6808,9.2993,14.0285,11.3664,10.6076,9.7102,9.1541,8.7926,10.5815,10.3518,10.001,9.2164,7.6472,7.2559,10.9408,14.7376,14.4069,20.1929,20.1929,19.9325,22.0967,20.322,18.9558,24.4567,23.4847,22.8332],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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 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,32.1429,17.8571,21.4286,14.2857,14.2857,32.1429,25.0,7.1429,28.5714,28.5714,35.7143,25.0,35.7143,60.7143,71.4286,78.5714,75.0,85.7143,75.0,75.0,48.5714,42.8571,45.7143,62.8571,60.0,54.2857,57.1429,51.4286,57.1429,55.5556,63.8889,52.7778,44.4444,32.2581,12.9032,12.9032,16.129,6.6667,19.3548,12.9032,5.5556,11.1111,16.6667],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-24.359,-29.4872,-28.2051,-30.7692,-30.7692,-24.359,-26.9231,-33.3333,-25.641,-25.641,-23.0769,-26.9231,-23.0769,-14.1026,-10.2564,-7.6923,-8.9744,-5.1282,-8.9744,-8.9744,-20.9302,-23.2558,-22.093,-15.1163,-16.2791,-18.6047,-17.4419,-19.7674,-17.4419,-18.3908,-14.9425,-19.5402,-22.9885,-24.1379,-31.0345,-31.0345,-29.8851,-32.1839,-28.7356,-31.0345,-39.0805,-36.7816,-34.4828],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,18.0,10.0,12.0,8.0,8.0,18.0,14.0,4.0,16.0,16.0,20.0,14.0,20.0,34.0,40.0,44.0,42.0,48.0,42.0,42.0,33.3333,29.4118,31.3725,43.1373,41.1765,37.2549,39.2157,35.2941,39.2157,39.2157,45.098,37.2549,31.3725,17.8571,7.1429,7.1429,8.9286,3.5088,10.7143,7.1429,3.9216,7.8431,11.7647],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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"]}]},"canonical_url":"https://sharemaestro.com/terminal/82541cf4-f3a3-48cf-bfa6-300ce29b6a72/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/82541cf4-f3a3-48cf-bfa6-300ce29b6a72/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/82541cf4-f3a3-48cf-bfa6-300ce29b6a72/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/82541cf4-f3a3-48cf-bfa6-300ce29b6a72/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/82541cf4-f3a3-48cf-bfa6-300ce29b6a72/technical-pack/data.json"},"source_fingerprint":"fa822e319e6da41f4134e6084cffcbf1f2b426477d5319080616c089d1d31e2b","content_hash":"e17aa667405464b4626912fc2d6a1f451b335eb13848012afd4b3d8318a1c048","citation":"Sharemaestro, AA2 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/82541cf4-f3a3-48cf-bfa6-300ce29b6a72/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."}