{"schema_version":"1.0","name":"413A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"86b53016-49a5-4690-ae40-391ee2afecbe","symbol":"413A","name":"iFreeETF Cathay Taiwan Tech Leader Index","exchange":"JPX","country":"JP","asset_type":"etf","currency":"JPY","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","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, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Directional strength and control, Range pressure and compression, 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":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Unsupported elevation","headline":"Price remains elevated without full Market Dynamics support","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","take":"This is a downside warning, not a confirmed reversal. Stronger Market Dynamics would repair the gap; weaker price would begin to confirm it.","tone":"negative","conflict":true},"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":[1.325339,1.719275,1.992595,2.205359,2.460676,2.801965,2.796282,2.842192,2.697925,2.680183,2.372158,2.096428,1.887561,1.376524,1.172043,0.861881,0.331866,0.032006,-0.277871,-0.454707,-0.455115,-0.466213],"opens":[2584.862054,2581.126715,2559.648393,2837.0,3103.0,3444.0,3680.0,3740.0,3560.0,3785.0,4005.0,3990.0,4175.0,4040.0,4002.0,3986.0,3735.0,3590.0,3755.0,3580.0,3700.0,4000.0],"highs":[2730.540494,2659.569044,2900.0,3112.0,3405.0,3590.0,3780.0,3800.0,3730.0,4169.0,4020.0,4000.0,4195.0,4054.0,4150.0,4001.0,3750.0,3893.0,3779.0,4044.0,4000.0,4000.0],"lows":[2528.831809,2484.007571,2470.0,2833.0,3080.0,3350.0,3600.0,3535.0,3410.0,3760.0,3850.0,3857.0,4081.0,3830.0,3910.0,3900.0,3423.0,3525.0,3296.0,3476.0,3700.0,3750.0],"closes":[2649.296631,2639.024414,2897.0,3070.0,3400.0,3545.0,3611.0,3604.0,3730.0,4040.0,3950.0,3908.0,4130.0,3936.0,4090.0,3985.0,3534.0,3731.0,3700.0,3694.0,3998.0,3765.0],"hoverRows":[[{"label":"Open","value":"2,585","className":"is-ohlc","compact":true},{"label":"High","value":"2,731","className":"is-ohlc","compact":true},{"label":"Low","value":"2,529","className":"is-ohlc","compact":true},{"label":"Close","value":"2,649","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","context":{"scenario":"priceAhead","latestDirection":"slight easing","fourWeekDirection":"weakening","now":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Unsupported elevation","detail":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","tone":"negative"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","annotations":[{"label":"Current tape relationship","value":"Unsupported elevation","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"label":"Latest positioning marker","value":"17 Apr 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Not confirming","detail":"Market Dynamics has weakened over four weeks and now lags the elevated price.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":22,"summary":"More completed weekly history is needed for a dependable ticker-level 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