{"schema_version":"1.0","name":"WDAF Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"92fcd094-541f-444f-a4ed-1cf9ef6b889d","symbol":"WDAF","name":"WisdomTree Asia Defence UCITS ETF - USD Acc","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","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, Range pressure and compression, Drawdown and recovery 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":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 risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"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"],"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],"opens":[19.524,21.695,21.865,22.865,22.785,22.885,22.379999,20.719999,21.709999,19.576,19.856001,20.674999,19.052,20.045,19.156,18.18,17.916,18.365999,17.983999,19.704,20.309999],"highs":[21.315001,22.495001,22.805,23.365,22.870001,23.615,22.51,21.26,22.5,19.694,20.17,20.799999,19.156,20.105,19.271999,18.298,19.139999,18.445999,19.646,20.174999,20.360001],"lows":[19.524,21.344999,21.799999,22.325001,22.360001,22.440001,20.575001,19.91,21.004999,19.254,19.856001,20.375,18.716,19.816,19.09,17.927999,17.916,17.006001,17.606001,19.195999,18.788],"closes":[21.315001,22.125,22.805,22.795,22.870001,22.629999,20.93,21.26,21.110001,19.292,20.049999,20.375,19.034,19.816,19.271999,18.298,18.958,17.632,19.524,20.02,18.88],"hoverRows":[[{"label":"Open","value":"19.5","className":"is-ohlc","compact":true},{"label":"High","value":"21.3","className":"is-ohlc","compact":true},{"label":"Low","value":"19.5","className":"is-ohlc","compact":true},{"label":"Close","value":"21.3","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":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[17.31772,23.184281],"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":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-10","price":22.125}],"reversal_dangers":[{"date":"2026-04-17","price":22.805}]}},"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":[21.315,22.125,22.805,22.795,22.87,22.63,20.93,21.26,21.11,19.292,20.05,20.375,19.034,19.816,19.272,18.298,18.958,17.632,19.524,20.02,18.88],"consensus":[100.0,35.6521,100.0,-9.6155,45.104,0.0,-45.8415,0.0,-31.2693,-62.6776,-11.2893,-26.996,-42.7848,-14.6498,-20.1492,-35.7394,0.0,-58.9804,34.3822,28.1132,-38.6211],"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,0.0,-46.0687,0.0,-25.4858,-66.1575,-3.9487,-29.7597,-33.9739,-27.1834,-8.4345,-19.981,0.0,-52.304,34.6228,25.7461,-43.8543],"force":[100.0,35.6521,100.0,-9.6155,21.3283,0.0,-43.5986,0.0,-30.819,-50.1905,-21.2325,-12.4977,-28.6684,-4.7826,-3.7603,-18.8541,0.0,-75.7101,83.7701,37.537,-60.6686],"direction":[null,null,null,null,62.0867,0.0,-47.1837,0.0,-38.2007,-67.6201,-42.9085,-34.1935,-62.9376,-14.2059,-45.2439,-65.8097,0.0,-54.6609,1.17,24.0871,-16.892],"intensity":[null,null,null,null,25.0,80.0,100.0,71.4286,62.5,100.0,50.0,27.2727,75.0,53.8462,50.0,60.0,50.0,76.4706,94.4444,73.6842,50.0],"confirmation":[54.6667,34.0753,54.6667,25.7436,58.6797,4.1994,82.5975,30.989,78.0806,87.6233,7.2629,76.1548,81.3952,50.2583,51.4601,79.1621,32.0018,87.4853,58.0867,77.3195,55.0],"persistence":[null,null,100.0,50.0,60.0,50.0,28.5714,25.0,0.0,25.0,50.0,50.0,75.0,87.5,87.5,100.0,87.5,87.5,62.5,37.5,37.5],"assessmentRisk":[null,null,null,null,27.4301,39.9039,26.05,48.2398,33.5957,18.6081,32.1946,25.2136,27.6637,33.6442,25.8563,31.4257,8.2579,19.6869,5.9198,32.559,15.6302],"volumeParticipation":true,"latest":{"consensus":-38.6,"control":-43.9,"force":-60.7,"direction":-16.9,"confirmation":55.0,"persistence":37.5,"assessmentRisk":15.6,"intensity":50.0,"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":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-38.6","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-43.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-60.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-16.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"54.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"7.7%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"28%","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 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