{"schema_version":"1.0","name":"2695 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"a29872bf-2a48-4493-be2b-f92ed443bb5e","symbol":"2695","name":"Impression Dahongpao Co Ltd","exchange":"HKG","country":"HK","asset_type":"equity","currency":"HKD","sector":"Consumer Cyclical","industry":"Leisure"},"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, Drawdown and recovery pressure, Range position and boundary pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Directional strength and control."},{"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":35,"displayedObservations":35,"assetType":"Equity","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":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[-0.657756,-0.992746,-1.0632,-1.143397,-1.094411,-1.056019,-1.054568],"opens":[1.64,1.62,1.61,1.55,1.58,1.6,1.375],"highs":[1.65,1.62,1.66,1.61,1.59,1.6,1.385],"lows":[1.61,1.59,1.55,1.54,1.55,1.34,1.3],"closes":[1.62,1.61,1.56,1.58,1.575,1.355,1.305],"hoverRows":[[{"label":"Open","value":"1.64","className":"is-ohlc","compact":true},{"label":"High","value":"1.65","className":"is-ohlc","compact":true},{"label":"Low","value":"1.61","className":"is-ohlc","compact":true},{"label":"Close","value":"1.62","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"1.62","className":"is-ohlc","compact":true},{"label":"High","value":"1.62","className":"is-ohlc","compact":true},{"label":"Low","value":"1.59","className":"is-ohlc","compact":true},{"label":"Close","value":"1.61","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"1.61","className":"is-ohlc","compact":true},{"label":"High","value":"1.66","className":"is-ohlc","compact":true},{"label":"Low","value":"1.55","className":"is-ohlc","compact":true},{"label":"Close","value":"1.56","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"1.55","className":"is-ohlc","compact":true},{"label":"High","value":"1.61","className":"is-ohlc","compact":true},{"label":"Low","value":"1.54","className":"is-ohlc","compact":true},{"label":"Close","value":"1.58","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"1.58","className":"is-ohlc","compact":true},{"label":"High","value":"1.59","className":"is-ohlc","compact":true},{"label":"Low","value":"1.55","className":"is-ohlc","compact":true},{"label":"Close","value":"1.57","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"1.60","className":"is-ohlc","compact":true},{"label":"High","value":"1.60","className":"is-ohlc","compact":true},{"label":"Low","value":"1.34","className":"is-ohlc","compact":true},{"label":"Close","value":"1.35","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"1.38","className":"is-ohlc","compact":true},{"label":"High","value":"1.39","className":"is-ohlc","compact":true},{"label":"Low","value":"1.30","className":"is-ohlc","compact":true},{"label":"Close","value":"1.30","className":"is-ohlc","compact":true},{"label":"Market 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":[1.2861,1.6389],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"slight strengthening","fourWeekDirection":"steady","now":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but 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":"Zone progression","detail":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","tone":"neutral"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics improved this week but remains below zero.","tone":"neutral"},{"label":"Price location","value":"Accumulation zone","detail":"Price is in the lower accumulation area. With limited Market Dynamics history, the zone describes location rather than a completed positioning signal.","tone":"caution"},{"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":true,"asOf":"2026-08-21","observations":27,"relationship":{"sameWeekCorrelation":0.16,"forwardCorrelation":0.3,"directionalAgreement":100.0,"sample":3,"correlationSample":26,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough 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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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"accumulation","zoneContext":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"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":["2025-12-26","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":[1.7712,2.1413,1.9739,2.0708,2.0444,1.7536,1.6478,1.595,1.5421,1.5333,1.3835,1.5685,1.7359,1.5773,1.8152,1.9122,1.8417,1.8064,1.7712,1.7888,1.8064,1.8769,1.78,1.85,1.81,1.7,1.64,1.63,1.62,1.61,1.56,1.58,1.575,1.355,1.305],"consensus":[-100.0,100.0,-55.5558,0.0,10.2258,-23.0353,-23.4143,-23.1378,-16.49,-20.3108,-29.8105,9.863,20.6679,-17.2362,34.1267,23.6098,0.0,0.0,0.0,0.0,0.0,15.3107,0.0,16.7211,0.0,-24.4562,-28.0395,0.0,-22.1739,-10.3827,-29.0478,-8.2711,-9.7341,-64.5495,-49.8931],"supportDates":["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,-27.9115,-29.3478,-24.3389,-11.1907,-24.576,-33.1905,15.2873,22.2677,-24.8542,33.4979,21.0409,0.0,0.0,0.0,0.0,0.0,18.6346,0.0,22.9592,0.0,-27.6184,-36.8088,0.0,-23.5326,-6.3796,-35.3618,-5.9216,-7.5554,-62.2706,-54.7504],"force":[-100.0,100.0,-55.5558,0.0,2.7404,-24.3555,-19.518,-18.1513,-8.4928,-13.7246,-26.2637,26.2119,30.4012,-22.6525,45.3551,18.3485,0.0,0.0,0.0,0.0,0.0,12.9112,0.0,15.7157,0.0,-28.8395,-22.8364,0.0,-14.2847,-1.4493,-24.3201,-3.876,-0.258,-88.8287,-38.6785],"direction":[null,null,null,null,19.4874,-16.5197,-19.4163,-25.3268,-28.2587,-20.1408,-28.4812,8.014,11.8873,-4.661,26.825,30.3037,0.0,0.0,0.0,0.0,0.0,13.2258,0.0,10.3101,0.0,-17.7113,-21.734,0.0,-26.2563,-21.3387,-25.2088,-19.6328,-18.9927,-49.8116,-52.3524],"intensity":[null,null,null,null,25.0,80.0,50.0,42.8571,37.5,44.4444,50.0,63.6364,50.0,46.1538,78.5714,86.6667,12.5,35.2941,38.8889,15.7895,40.0,14.2857,27.2727,21.7391,4.1667,36.0,38.4615,11.1111,3.5714,6.8966,16.6667,16.129,6.25,81.8182,79.4118],"confirmation":[54.6667,54.6667,40.4445,2.2271,26.2231,75.3372,75.2834,75.2338,73.1138,74.2337,77.3798,27.9481,74.886,50.8979,79.2723,75.4339,24.7551,24.5644,0.6402,24.2982,1.713,72.7756,48.2429,73.2251,0.885,75.9114,76.6804,4.1007,74.8345,25.7779,77.055,25.8059,25.526,89.4305,55.0],"persistence":[null,null,33.3333,25.0,0.0,16.6667,28.5714,37.5,37.5,62.5,62.5,50.0,50.0,50.0,25.0,0.0,12.5,25.0,37.5,25.0,12.5,37.5,25.0,25.0,25.0,12.5,0.0,0.0,12.5,37.5,50.0,75.0,87.5,87.5,87.5],"assessmentRisk":[null,null,null,null,38.9489,35.2628,33.9141,37.6566,41.3354,32.553,30.9373,12.51,30.0013,21.1704,32.6049,37.2244,29.7867,43.8872,18.1319,40.8369,12.861,19.1427,7.1778,16.467,0.2423,34.87,31.4118,47.3416,38.8222,41.6656,30.8106,32.3947,29.6413,17.6171,24.9966],"volumeParticipation":true,"latest":{"consensus":-49.9,"control":-54.8,"force":-38.7,"direction":-52.4,"confirmation":55.0,"persistence":87.5,"assessmentRisk":25.0,"intensity":79.4,"evidenceDepth":100},"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":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-49.9","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-54.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-38.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-52.4","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":"51.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"16.1%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"21.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"1%","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":[1.7712,2.1413,1.9739,2.0708,2.0444,1.7536,1.6478,1.595,1.5421,1.5333,1.3835,1.5685,1.7359,1.5773,1.8152,1.9122,1.8417,1.8064,1.7712,1.7888,1.8064,1.8769,1.78,1.85,1.81,1.7,1.64,1.63,1.62,1.61,1.56,1.58,1.575,1.355,1.305],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,1.9269,1.8954,1.8504,1.804,1.7563,1.7158,1.6554,1.6396,1.6571,1.6426,1.674,1.7173,1.7399,1.752,1.7555,1.7616,1.7697,1.7892,1.7875,1.7989,1.8009,1.7826,1.7566,1.7336,1.713,1.6942,1.6698,1.6535,1.6392,1.5875,1.5362],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,1.7289,1.7177,1.7249,1.7388,1.7464,1.7509,1.7524,1.7551,1.7589,1.7676,1.7685,1.7746,1.7772,1.7715,1.7617,1.752,1.7422,1.7324,1.7196,1.7093,1.6993,1.6738,1.6465],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,2.2478,2.2544,2.23,2.2101,2.1899,2.1814,2.1858,2.1801,2.1714,2.161,2.1524,2.1546,2.1058,2.0816,2.0401,1.9961,1.9931,1.9931,1.9922,1.988,1.9829,1.9532,1.9521,1.9551,1.9894,2.0131],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,1.3668,1.2832,1.2742,1.2916,1.287,1.3057,1.3224,1.3384,1.3523,1.3637,1.375,1.3763,1.3987,1.4035,1.4229,1.4435,1.4412,1.4404,1.4448,1.4567,1.4695,1.5169,1.5191,1.5001,1.4435,1.3687],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,-7.8189,-3.2922,-4.5268,-18.107,-23.0453,-25.5144,-27.9835,-28.3951,-35.391,-26.749,-18.93,-26.3374,-15.2264,-10.6996,-13.9918,-15.6378,-17.284,-16.4609,-15.6378,-12.3457,-16.8724,-13.6034,-15.4714,-20.6085,-23.4105,-23.8776,-24.3446,-24.8116,-27.1466,-26.2126,-26.4461,-36.7203,-39.0553],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,0.0,0.0,0.0,13.3758,25.4778,14.0128,31.2102,38.2166,33.121,30.5733,28.0255,29.2994,30.5733,35.6688,28.6625,33.7222,30.8309,22.8799,18.5429,17.8201,17.0973,16.3745,12.7604,14.206,13.8446,0.0,0.0],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,1.2422,1.7857,1.1904,1.6129,12.9032,23.1183,13.4409,27.9569,33.8709,29.5699,27.4194,25.2688,26.3441,27.4194,31.7204,25.8064,30.0773,27.6368,20.9254,33.1055,31.9356,30.7656,29.5957,27.0984,36.6716,35.8492,2.3998,0.7518],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-46.7647,-48.5294,-48.8235,-53.8235,-47.6471,-42.0588,-47.3529,-39.4118,-36.1765,-38.5294,-39.7059,-40.8824,-40.2941,-39.7059,-37.3529,-40.5882,-38.2518,-39.5869,-43.2584,-25.8516,-26.3038,-26.7559,-27.208,-25.9273,-19.5949,-19.8493,-31.045,-33.5894],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,1.1173,1.7441,1.1627,1.948,15.5844,27.9221,16.2338,33.7662,40.909,35.7142,33.1169,30.5194,31.8182,33.1169,38.3117,31.1688,36.3271,33.3795,25.2736,20.8522,20.1153,19.3783,18.6414,14.9569,16.4307,16.0623,1.1194,0.3846],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,-0.0558,-0.0593,-0.0424,-0.021,-0.0095,-0.0033,-0.0012,0.0019,0.0057,0.0143,0.0131,0.0175,0.0177,0.0088,-0.003,-0.0131,-0.0216,-0.0288,-0.0381,-0.0434,-0.0474,-0.0676,-0.0866],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0396,-0.0324,-0.0261,-0.0205,-0.0153,-0.0094,-0.0049,-0.0004,0.0032,0.0043,0.0029,-0.0003,-0.0046,-0.0094,-0.0152,-0.0208,-0.0261,-0.0344,-0.0449],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0301,0.0291,0.025,0.0224,0.021,0.0236,0.0179,0.0179,0.0145,0.0045,-0.0059,-0.0128,-0.017,-0.0194,-0.023,-0.0226,-0.0213,-0.0332,-0.0418],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,55.3127,13.6905,36.3457,39.9574,44.6082,54.9675,38.414,56.2357,32.7348,18.8487,19.2167,20.8574,19.4289,35.7061,22.9664,93.5377,8.7625,7.7086,39.8718,3.1485,2.4274,3.2129,8.0757,50.2918,20.1659,12.7728,164.6458,122.3393],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,88.1489,84.2672,74.6428,65.0,75.5073,87.9865,79.6599,91.48,98.0652,94.4565,90.9442,87.2926,90.5557,94.135,96.0612,88.8384,89.4546,88.9376,86.3844,86.1942,86.0683,85.9075,85.5405,83.4508,84.1902,83.7991,79.0518,76.0646],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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