{"schema_version":"1.0","name":"BABI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"a82cc7a2-01d6-4ee2-935b-80d324c479b6","symbol":"BABI","name":"IncomeShares Alibaba (BABA) Options ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains downward.","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, Strength versus the research benchmark, 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":59,"displayedObservations":59,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics strengthened this week and remains positive. 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envelope","values":[null,null,null,null,null,null,null,null,null,2683.8624,2599.8183,2551.5064,2515.9412,2544.6226,2570.7351,2315.3394,2350.9021,2373.6606,2394.6743,2401.2177,2447.9198,2465.647,2477.2644,2490.8005,2499.0715,2493.698,2471.9881,2457.0157,2462.237,2447.7962,2389.8703,2334.7399,2298.7572,2228.8894,2093.3156,2290.8034,2189.1905,2081.5229,1965.0219,1878.5981,1841.4288,1790.1067,1740.0215,1685.7185,1634.5292,1580.2053,1521.9365,1478.2466,1448.7927,1442.0065,1362.7937,1288.7514,1279.9153,1273.8632,1236.5036,1229.6507,1213.3604,1197.0467,1176.5168],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","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":"relative","eyebrow":"Relative leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative 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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 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direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,199.1952,184.9506,175.977,278.379,261.2157,219.1046,183.5749,140.6037,116.4286,87.1492,59.3976,29.6587,5.4641,-18.1028,-40.0611,-42.2849,-33.8366,-29.0204,-52.8153,-75.5537,-92.468,-116.3703,-163.2803,-190.9032,-224.9676,-248.5747,-274.1375,-284.2302,-276.9494,-276.3737,-276.1188,-277.2191,-278.4898,-281.3943,-286.3032,-294.9612,-310.5883,-322.8421,-342.4246,-358.3917,-352.9769,-343.0966,-332.3232,-312.7364,-294.3053,-280.3201,-267.3452],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,219.8381,219.6914,212.4681,198.0952,181.7619,162.8394,142.151,119.6525,96.8148,73.8313,51.0528,32.3853,19.1409,9.5086,-2.9561,-17.4757,-32.4741,-49.2534,-72.0588,-95.8276,-121.6556,-147.0394,-172.459,-194.8133,-211.2405,-224.2671,-234.6375,-243.1538,-250.221,-256.4557,-262.4252,-268.9324,-277.2636,-286.3793,-297.5883,-309.749,-318.3946,-323.335,-325.1327,-322.6534,-316.9838,-309.6511,-301.1899],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,41.3776,-0.5868,-28.8932,-57.4915,-65.3333,-75.6902,-82.7534,-89.9939,-91.3508,-91.9341,-91.1139,-74.6702,-52.9775,-38.5291,-49.8591,-58.0781,-59.9938,-67.117,-91.2215,-95.0755,-103.312,-101.5352,-101.6784,-89.417,-65.7089,-52.1065,-41.4813,-34.0653,-28.2688,-24.9386,-23.878,-26.0288,-33.3247,-36.4629,-44.8362,-48.6427,-34.5823,-19.7616,-7.1906,9.917,22.6785,29.3309,33.8446],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","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,32.7032,31.7075,31.2117,30.7514,28.6596,26.8271,25.1818,23.9305,24.0832,24.225,24.6017,25.1572,25.8977,26.6783,26.6151,26.5502,26.6801,27.1567,27.121,27.3399,27.6453,28.574,29.6683,30.8233,32.5054,34.1006,34.2172,34.1434,33.6871,33.084,32.3195,31.8556,31.4576],"stroke":"#10243b","width":2.0},{"label":"Positive 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