{"schema_version":"1.0","name":"BKNG34 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"b4282044-d791-4798-978d-712f776956bd","symbol":"BKNG34","name":"Booking Holdings Inc.","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Consumer Cyclical","industry":"Travel Services"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","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, Range position and boundary pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, 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":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","evidenceAlignment":{"status":"Evidence aligned","headline":"Upward price structure retains strong Market Dynamics support","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","take":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","tone":"positive","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","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"],"values":[-0.627443,-0.510274,-0.556877,-0.432493,-0.388605,-0.323644,-0.151844,0.097681,0.368776,0.716236,1.118796,1.381776,1.532312,1.568975,1.511869,1.517771,1.48066,1.313292,1.195569,0.960915,0.701061,0.452748,0.061279,-0.355695,-0.542148,-0.652335,-0.639743,-0.585833,-0.741457,-0.79507,-0.953715,-1.047282,-1.128309,-1.179261,-1.160711,-1.09947,-0.656477,-0.483977,-0.034565,0.266292,0.335206,0.537399,0.515761,0.486078,0.545337,0.494236,0.606865,0.739049,0.676267,0.564544,0.269762,-0.084827,-0.338819,-0.487463,-0.614926,-0.687211,-0.759697,-0.752236,-0.764498,-0.747039,-0.873603,-1.041854,-1.142,-1.1968,-1.12389,-1.019494,-1.070493,-0.880548,-0.655729,-0.300506,0.2072,0.327141,0.423031,0.323704,0.134997,0.029039,-0.160456,-0.382961,-0.650159,-0.765141,-0.752867,-0.777844,-0.730296,-0.848123,-1.029219,-1.015256,-0.822437,-0.616589,-0.474917,-0.280437,-0.303922,-0.143328,0.044336,0.103467,0.109565,0.131763,0.391633,0.618469,0.842947,0.986924,0.778531,0.799084,1.012572,1.13684],"opens":[4.477282,4.778409,5.047838,4.829146,4.933516,5.090267,5.121221,5.180747,5.457344,5.610525,5.650209,6.301821,6.571275,6.567703,6.82168,7.089548,7.233509,7.230331,7.0722,7.072994,6.912877,6.484173,6.881488,6.289887,6.235058,6.488147,6.496093,6.495298,6.63714,6.139409,5.776981,6.028413,6.051885,5.649275,6.205848,5.88002,6.224546,6.592544,6.476774,6.820902,6.763217,7.038519,7.119279,6.689907,6.529391,7.002178,7.129236,7.209295,7.23399,7.147159,6.810992,6.671585,6.795059,7.030058,6.771161,6.819049,6.659539,6.460551,6.726932,6.553864,6.452177,6.29466,6.381593,6.236439,6.0215,6.120396,5.926591,5.958094,6.378351,6.533287,6.810416,6.870314,6.615947,6.611953,6.397118,6.138359,5.989812,5.258655,4.951577,4.781866,4.857737,5.48,5.088,5.3124,4.852105,4.991466,4.951535,5.490613,5.200625,4.741453,4.681561,4.511867,4.691543,4.73,4.83,5.11,5.29,5.54,5.2,5.2,5.21,5.22,5.6,6.25],"highs":[4.801786,5.081516,5.132629,4.966851,5.089474,5.286307,5.282735,5.51449,5.672035,5.683147,6.332377,6.624054,6.678819,6.881603,7.240347,7.350319,7.349525,7.35032,7.212849,7.080145,6.952608,6.847717,7.111533,6.440072,6.585886,6.630783,6.827057,6.724549,6.63714,6.139409,6.006134,6.261942,6.106787,6.197493,6.348671,6.292178,6.805387,6.805387,6.863869,6.930307,7.182536,7.228685,7.126448,6.750051,7.114897,7.187388,7.263863,7.324804,7.311261,7.241159,6.946415,6.811788,7.169464,7.107728,7.034388,6.9654,6.765214,6.810276,6.726932,6.784356,6.638404,6.523956,6.504814,6.236439,6.289078,6.136746,6.074537,6.45502,6.671851,6.859133,6.966949,6.973339,6.736142,6.619141,6.43146,6.181885,6.15553,5.26145,5.134067,5.037032,5.5796,5.7,5.46,5.4,5.191124,5.440698,5.490613,5.490613,5.230571,4.941093,4.681561,4.671578,5.110787,5.02,4.88,5.17,5.42,5.6,5.25,5.44,5.3,5.98,6.28,6.49],"lows":[4.453905,4.685297,4.651362,4.734302,4.895816,5.077568,5.009313,5.154952,5.403771,5.516871,5.593858,5.876408,6.47524,6.374045,6.706597,7.07923,6.993134,6.805602,7.012205,6.754348,6.468281,6.484173,6.182613,6.207643,6.106328,6.354252,6.339154,6.376502,6.043133,5.663199,5.696617,6.028413,5.609093,5.506054,5.965952,5.870074,6.106786,6.382487,6.476774,6.761227,6.763217,6.974866,6.54373,6.493145,6.529391,6.899813,7.018508,7.112109,7.105338,6.760407,6.613832,6.628568,6.775144,6.838474,6.626178,6.654754,6.563036,6.460551,6.388771,6.171838,6.141531,6.205734,6.00196,5.917818,5.941745,5.647449,5.903861,5.929782,6.261749,6.533287,6.779668,6.497748,6.468996,6.223015,6.063686,5.930712,5.211935,4.85614,4.622537,4.432461,4.791849,5.08,5.088,4.896,4.792207,4.921585,4.911603,4.981483,4.601705,4.621669,4.362136,4.342172,4.591723,4.73,4.71,5.02,5.23,5.34,5.16,4.97,4.96,5.22,5.52,6.1],"closes":[4.778409,4.960273,4.651362,4.933516,5.067251,5.225987,5.180747,5.455757,5.610922,5.65378,6.303804,6.40738,6.567703,6.776838,6.986369,7.283173,7.130208,6.805602,7.072994,6.942675,6.583106,6.815535,6.382462,6.235057,6.488147,6.504436,6.511192,6.63714,6.13941,5.776981,5.917019,6.051885,5.777379,6.099625,5.965952,6.206644,6.592545,6.382487,6.75526,6.922351,7.182536,7.126448,6.54373,6.662822,7.094185,6.908177,7.209294,7.253109,7.143973,6.774746,6.65167,6.683136,6.948406,6.838474,6.765614,6.67549,6.592546,6.765214,6.554263,6.481287,6.348495,6.308618,6.245611,6.061377,6.09966,5.855211,5.958094,6.45502,6.582005,6.847553,6.966949,6.516915,6.706992,6.289302,6.122786,6.001791,5.248672,4.935605,4.851748,4.851748,5.4688,5.2468,5.312,4.9,5.072527,4.951534,5.440698,5.14121,4.691543,4.63165,4.461957,4.671578,4.941093,4.91,4.78,5.1,5.37,5.6,5.2,5.32,5.16,5.54,6.2,6.34],"pressureRange":[-1.788632,1.788632],"priceRange":[3.099787,7.283173],"zones":{"accumulationBoundary":0.080685,"distributionBoundary":0.919315},"latest":1.13684,"state":"Positive and strengthening","context":{"scenario":"positiveSustained","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"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":"Sustained positive support","detail":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","annotations":[{"label":"Current tape relationship","value":"Sustained positive support","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"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":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.34,"forwardCorrelation":-0.07,"directionalAgreement":49.0,"sample":255,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"averageWeeksInZone":2.3,"medianWeeksInZone":1,"averageWeeksToHigher":2.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"medianReturn":0.3,"averageReturn":-2.0,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":10.5,"averageReturn":9.1,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":19.7,"averageReturn":19.3,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.2,"sample":3},{"week":2,"averageReturn":0.6,"sample":3},{"week":3,"averageReturn":-1.4,"sample":3},{"week":4,"averageReturn":-2.0,"sample":3},{"week":5,"averageReturn":-1.0,"sample":3},{"week":6,"averageReturn":0.5,"sample":3},{"week":7,"averageReturn":1.2,"sample":3},{"week":8,"averageReturn":0.8,"sample":3},{"week":9,"averageReturn":2.4,"sample":3},{"week":10,"averageReturn":3.6,"sample":3},{"week":11,"averageReturn":7.3,"sample":3},{"week":12,"averageReturn":9.1,"sample":3},{"week":13,"averageReturn":9.9,"sample":3},{"week":14,"averageReturn":11.9,"sample":3},{"week":15,"averageReturn":11.1,"sample":3},{"week":16,"averageReturn":15.1,"sample":3},{"week":17,"averageReturn":18.9,"sample":3},{"week":18,"averageReturn":17.5,"sample":3},{"week":19,"averageReturn":15.0,"sample":3},{"week":20,"averageReturn":17.4,"sample":3},{"week":21,"averageReturn":19.4,"sample":3},{"week":22,"averageReturn":15.2,"sample":3},{"week":23,"averageReturn":18.1,"sample":3},{"week":24,"averageReturn":20.3,"sample":3},{"week":25,"averageReturn":19.2,"sample":3},{"week":26,"averageReturn":19.3,"sample":3}]},"distribution":{"label":"Distribution","episodes":7,"completedEpisodes":7,"activeEpisodes":0,"averageWeeksInZone":1.7,"medianWeeksInZone":1,"averageWeeksToLower":1.4,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":7,"expectedCount":5,"expectedPercent":71.4,"medianReturn":-5.1,"averageReturn":-4.9,"confidenceLow":35.9,"confidenceHigh":91.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":7,"expectedCount":7,"expectedPercent":100.0,"medianReturn":-9.1,"averageReturn":-11.2,"confidenceLow":64.6,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":26,"sample":7,"expectedCount":5,"expectedPercent":71.4,"medianReturn":-7.0,"averageReturn":-10.8,"confidenceLow":35.9,"confidenceHigh":91.8,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.2,"sample":7},{"week":2,"averageReturn":-2.8,"sample":7},{"week":3,"averageReturn":-4.4,"sample":7},{"week":4,"averageReturn":-4.9,"sample":7},{"week":5,"averageReturn":-6.4,"sample":7},{"week":6,"averageReturn":-7.7,"sample":7},{"week":7,"averageReturn":-8.0,"sample":7},{"week":8,"averageReturn":-9.2,"sample":7},{"week":9,"averageReturn":-10.5,"sample":7},{"week":10,"averageReturn":-10.4,"sample":7},{"week":11,"averageReturn":-11.7,"sample":7},{"week":12,"averageReturn":-11.2,"sample":7},{"week":13,"averageReturn":-12.1,"sample":7},{"week":14,"averageReturn":-13.9,"sample":7},{"week":15,"averageReturn":-13.6,"sample":7},{"week":16,"averageReturn":-12.9,"sample":7},{"week":17,"averageReturn":-12.3,"sample":7},{"week":18,"averageReturn":-13.2,"sample":7},{"week":19,"averageReturn":-15.0,"sample":7},{"week":20,"averageReturn":-14.5,"sample":7},{"week":21,"averageReturn":-13.7,"sample":7},{"week":22,"averageReturn":-11.8,"sample":7},{"week":23,"averageReturn":-11.5,"sample":7},{"week":24,"averageReturn":-13.2,"sample":7},{"week":25,"averageReturn":-13.4,"sample":7},{"week":26,"averageReturn":-10.8,"sample":7}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":19,"completedEpisodes":17,"activeEpisodes":2,"medianExpectedMove":5.8,"averageExpectedMove":10.2,"averageWeeksToLargestMove":7.6,"horizons":[{"weeks":4,"sample":18,"expectedCount":9,"expectedPercent":50.0,"averageReturn":2.0,"medianReturn":-0.1,"confidenceLow":29.0,"confidenceHigh":71.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":7,"expectedPercent":41.2,"averageReturn":2.4,"medianReturn":-0.7,"confidenceLow":21.6,"confidenceHigh":64.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":17,"expectedCount":13,"expectedPercent":76.5,"averageReturn":12.6,"medianReturn":12.6,"confidenceLow":52.7,"confidenceHigh":90.4,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.3,"sample":19},{"week":2,"averageReturn":0.3,"sample":18},{"week":3,"averageReturn":1.9,"sample":18},{"week":4,"averageReturn":2.0,"sample":18},{"week":5,"averageReturn":1.0,"sample":18},{"week":6,"averageReturn":1.2,"sample":18},{"week":7,"averageReturn":1.1,"sample":18},{"week":8,"averageReturn":1.6,"sample":18},{"week":9,"averageReturn":1.4,"sample":18},{"week":10,"averageReturn":2.2,"sample":18},{"week":11,"averageReturn":2.8,"sample":18},{"week":12,"averageReturn":2.4,"sample":17},{"week":13,"averageReturn":3.0,"sample":17},{"week":14,"averageReturn":4.2,"sample":17},{"week":15,"averageReturn":4.5,"sample":17},{"week":16,"averageReturn":5.0,"sample":17},{"week":17,"averageReturn":5.1,"sample":17},{"week":18,"averageReturn":5.9,"sample":17},{"week":19,"averageReturn":5.9,"sample":17},{"week":20,"averageReturn":7.8,"sample":17},{"week":21,"averageReturn":8.7,"sample":17},{"week":22,"averageReturn":9.2,"sample":17},{"week":23,"averageReturn":10.6,"sample":17},{"week":24,"averageReturn":9.9,"sample":17},{"week":25,"averageReturn":11.2,"sample":17},{"week":26,"averageReturn":12.6,"sample":17}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":21,"completedEpisodes":21,"activeEpisodes":0,"medianExpectedMove":7.3,"averageExpectedMove":8.4,"averageWeeksToLargestMove":5.9,"horizons":[{"weeks":4,"sample":21,"expectedCount":8,"expectedPercent":38.1,"averageReturn":1.7,"medianReturn":3.1,"confidenceLow":20.8,"confidenceHigh":59.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":21,"expectedCount":10,"expectedPercent":47.6,"averageReturn":4.8,"medianReturn":4.7,"confidenceLow":28.3,"confidenceHigh":67.6,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":6,"expectedPercent":31.6,"averageReturn":8.1,"medianReturn":10.2,"confidenceLow":15.4,"confidenceHigh":54.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.3,"sample":21},{"week":2,"averageReturn":1.9,"sample":21},{"week":3,"averageReturn":2.0,"sample":21},{"week":4,"averageReturn":1.7,"sample":21},{"week":5,"averageReturn":1.5,"sample":21},{"week":6,"averageReturn":0.9,"sample":21},{"week":7,"averageReturn":2.6,"sample":21},{"week":8,"averageReturn":3.8,"sample":21},{"week":9,"averageReturn":4.6,"sample":21},{"week":10,"averageReturn":5.8,"sample":21},{"week":11,"averageReturn":5.0,"sample":21},{"week":12,"averageReturn":4.8,"sample":21},{"week":13,"averageReturn":7.0,"sample":21},{"week":14,"averageReturn":7.7,"sample":21},{"week":15,"averageReturn":7.9,"sample":21},{"week":16,"averageReturn":7.7,"sample":20},{"week":17,"averageReturn":8.7,"sample":20},{"week":18,"averageReturn":8.1,"sample":20},{"week":19,"averageReturn":9.1,"sample":20},{"week":20,"averageReturn":6.7,"sample":19},{"week":21,"averageReturn":7.5,"sample":19},{"week":22,"averageReturn":8.0,"sample":19},{"week":23,"averageReturn":6.3,"sample":19},{"week":24,"averageReturn":6.5,"sample":19},{"week":25,"averageReturn":8.3,"sample":19},{"week":26,"averageReturn":8.1,"sample":19}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":20,"completedEpisodes":20,"activeEpisodes":0,"medianExpectedMove":10.8,"averageExpectedMove":11.6,"averageWeeksToLargestMove":5.5,"horizons":[{"weeks":4,"sample":20,"expectedCount":12,"expectedPercent":60.0,"averageReturn":-2.0,"medianReturn":-0.8,"confidenceLow":38.7,"confidenceHigh":78.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":10,"expectedPercent":50.0,"averageReturn":2.4,"medianReturn":-0.3,"confidenceLow":29.9,"confidenceHigh":70.1,"confidence":"Mixed historical record"},{"weeks":26,"sample":18,"expectedCount":7,"expectedPercent":38.9,"averageReturn":8.6,"medianReturn":9.1,"confidenceLow":20.3,"confidenceHigh":61.4,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.3,"sample":20},{"week":2,"averageReturn":-2.8,"sample":20},{"week":3,"averageReturn":-1.8,"sample":20},{"week":4,"averageReturn":-2.0,"sample":20},{"week":5,"averageReturn":-0.6,"sample":20},{"week":6,"averageReturn":0.2,"sample":20},{"week":7,"averageReturn":0.5,"sample":20},{"week":8,"averageReturn":-0.1,"sample":20},{"week":9,"averageReturn":-1.0,"sample":20},{"week":10,"averageReturn":0.4,"sample":20},{"week":11,"averageReturn":1.6,"sample":20},{"week":12,"averageReturn":2.4,"sample":20},{"week":13,"averageReturn":3.4,"sample":20},{"week":14,"averageReturn":4.3,"sample":20},{"week":15,"averageReturn":5.2,"sample":20},{"week":16,"averageReturn":4.2,"sample":20},{"week":17,"averageReturn":4.6,"sample":20},{"week":18,"averageReturn":3.8,"sample":19},{"week":19,"averageReturn":5.7,"sample":19},{"week":20,"averageReturn":3.5,"sample":19},{"week":21,"averageReturn":3.3,"sample":19},{"week":22,"averageReturn":3.8,"sample":19},{"week":23,"averageReturn":5.2,"sample":19},{"week":24,"averageReturn":5.6,"sample":18},{"week":25,"averageReturn":6.2,"sample":18},{"week":26,"averageReturn":8.6,"sample":18}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":18,"completedEpisodes":17,"activeEpisodes":1,"medianExpectedMove":8.5,"averageExpectedMove":8.7,"averageWeeksToLargestMove":7.4,"horizons":[{"weeks":4,"sample":17,"expectedCount":10,"expectedPercent":58.8,"averageReturn":-0.9,"medianReturn":0.9,"confidenceLow":36.0,"confidenceHigh":78.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":10,"expectedPercent":58.8,"averageReturn":2.8,"medianReturn":4.0,"confidenceLow":36.0,"confidenceHigh":78.4,"confidence":"Mixed historical record"},{"weeks":26,"sample":17,"expectedCount":13,"expectedPercent":76.5,"averageReturn":10.5,"medianReturn":11.9,"confidenceLow":52.7,"confidenceHigh":90.4,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.1,"sample":18},{"week":2,"averageReturn":-0.9,"sample":18},{"week":3,"averageReturn":0.0,"sample":18},{"week":4,"averageReturn":-0.9,"sample":17},{"week":5,"averageReturn":-0.2,"sample":17},{"week":6,"averageReturn":-1.5,"sample":17},{"week":7,"averageReturn":-0.8,"sample":17},{"week":8,"averageReturn":0.5,"sample":17},{"week":9,"averageReturn":1.1,"sample":17},{"week":10,"averageReturn":0.0,"sample":17},{"week":11,"averageReturn":1.6,"sample":17},{"week":12,"averageReturn":2.8,"sample":17},{"week":13,"averageReturn":3.3,"sample":17},{"week":14,"averageReturn":4.5,"sample":17},{"week":15,"averageReturn":4.1,"sample":17},{"week":16,"averageReturn":4.1,"sample":17},{"week":17,"averageReturn":5.3,"sample":17},{"week":18,"averageReturn":6.9,"sample":17},{"week":19,"averageReturn":10.0,"sample":17},{"week":20,"averageReturn":9.3,"sample":17},{"week":21,"averageReturn":9.2,"sample":17},{"week":22,"averageReturn":10.5,"sample":17},{"week":23,"averageReturn":11.7,"sample":17},{"week":24,"averageReturn":11.3,"sample":17},{"week":25,"averageReturn":11.3,"sample":17},{"week":26,"averageReturn":10.5,"sample":17}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":5,"completedEpisodes":5,"activeEpisodes":0,"medianExpectedMove":9.1,"averageExpectedMove":13.6,"averageWeeksToLargestMove":9.0,"horizons":[{"weeks":4,"sample":5,"expectedCount":4,"expectedPercent":80.0,"averageReturn":-5.1,"medianReturn":-5.1,"confidenceLow":37.6,"confidenceHigh":96.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":5,"expectedCount":5,"expectedPercent":100.0,"averageReturn":-11.1,"medianReturn":-9.1,"confidenceLow":56.6,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":26,"sample":5,"expectedCount":5,"expectedPercent":100.0,"averageReturn":-15.8,"medianReturn":-17.0,"confidenceLow":56.6,"confidenceHigh":100.0,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.2,"sample":5},{"week":2,"averageReturn":-2.9,"sample":5},{"week":3,"averageReturn":-4.9,"sample":5},{"week":4,"averageReturn":-5.1,"sample":5},{"week":5,"averageReturn":-6.4,"sample":5},{"week":6,"averageReturn":-8.0,"sample":5},{"week":7,"averageReturn":-9.2,"sample":5},{"week":8,"averageReturn":-9.5,"sample":5},{"week":9,"averageReturn":-11.3,"sample":5},{"week":10,"averageReturn":-10.4,"sample":5},{"week":11,"averageReturn":-11.3,"sample":5},{"week":12,"averageReturn":-11.1,"sample":5},{"week":13,"averageReturn":-13.0,"sample":5},{"week":14,"averageReturn":-13.4,"sample":5},{"week":15,"averageReturn":-12.8,"sample":5},{"week":16,"averageReturn":-11.9,"sample":5},{"week":17,"averageReturn":-12.1,"sample":5},{"week":18,"averageReturn":-13.7,"sample":5},{"week":19,"averageReturn":-16.6,"sample":5},{"week":20,"averageReturn":-16.5,"sample":5},{"week":21,"averageReturn":-16.5,"sample":5},{"week":22,"averageReturn":-15.7,"sample":5},{"week":23,"averageReturn":-14.6,"sample":5},{"week":24,"averageReturn":-16.3,"sample":5},{"week":25,"averageReturn":-17.5,"sample":5},{"week":26,"averageReturn":-15.8,"sample":5}]},"currentApplication":{"status":"Evidence aligned","tone":"positive","headline":"Price and Market Dynamics remain aligned upward","use":"The advance retains underlying support while price structure and Market Dynamics remain intact.","confirm":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":41.2,"averageReturn":2.4,"sample":17},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price structure is upward","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":"Trend participation","title":"Let confirmation support the position, then manage extension","tone":"positive","approach":"This is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.","finding":"In this ticker's completed record, 41.2% of comparable cases moved higher after 12 weeks, with an average move of 2.4% across 17 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 7 cases. Distinct visits lasted 1.7 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 11.6% across 20 completed cases, with the largest move arriving after 5.5 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[{"date":"2024-12-20","price":6.805602},{"date":"2025-01-03","price":6.942675},{"date":"2025-06-13","price":6.54373},{"date":"2025-07-04","price":6.908177},{"date":"2025-08-01","price":6.774746},{"date":"2025-08-29","price":6.838474}],"price_pressure_gaps":[{"date":"2025-05-30","price":7.182536},{"date":"2025-06-27","price":7.094185},{"date":"2025-07-11","price":7.209294},{"date":"2025-08-22","price":6.948406},{"date":"2025-12-26","price":6.966949}]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","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"],"close":[4.7784,4.9603,4.6514,4.9335,5.0673,5.226,5.1807,5.4558,5.6109,5.6538,6.3038,6.4074,6.5677,6.7768,6.9864,7.2832,7.1302,6.8056,7.073,6.9427,6.5831,6.8155,6.3825,6.2351,6.4881,6.5044,6.5112,6.6371,6.1394,5.777,5.917,6.0519,5.7774,6.0996,5.966,6.2066,6.5925,6.3825,6.7553,6.9224,7.1825,7.1264,6.5437,6.6628,7.0942,6.9082,7.2093,7.2531,7.144,6.7747,6.6517,6.6831,6.9484,6.8385,6.7656,6.6755,6.5925,6.7652,6.5543,6.4813,6.3485,6.3086,6.2456,6.0614,6.0997,5.8552,5.9581,6.455,6.582,6.8476,6.9669,6.5169,6.707,6.2893,6.1228,6.0018,5.2487,4.9356,4.8517,4.8517,5.4688,5.2468,5.312,4.9,5.0725,4.9515,5.4407,5.1412,4.6915,4.6316,4.462,4.6716,4.9411,4.91,4.78,5.1,5.37,5.6,5.2,5.32,5.16,5.54,6.2,6.34],"consensus":[48.0765,47.9515,-20.926,47.7948,47.1244,48.238,30.7021,65.288,58.8006,50.3889,83.5918,58.0468,52.2353,68.4264,57.4392,72.7667,26.364,0.0,34.4031,0.0,-35.948,37.6782,-47.716,-40.9195,21.3452,0.0,0.0,24.221,-51.935,-65.7552,-16.6609,-23.2344,-47.8077,26.62,-27.5578,21.8584,51.3079,-8.7792,56.0936,49.3386,60.5142,33.8368,-42.6607,0.0,49.7947,-10.3738,51.7096,35.1785,0.0,-37.482,-39.6916,-19.9615,17.8661,-16.5828,-8.7667,-23.3668,-33.3608,14.8233,-39.4047,-23.9,-33.2688,-30.1788,-30.3986,-46.3045,-20.119,-55.8538,-24.0015,46.8248,35.4789,54.6261,51.9185,-22.3781,30.8763,-44.1577,-45.158,-41.9746,-76.7733,-70.3081,-47.2154,-33.4552,27.4723,-28.6708,0.0,-48.4541,-9.3778,-37.2964,38.9501,-24.0874,-59.0803,-42.0557,-49.92,0.0,20.585,0.0,-10.4249,26.3409,50.9255,52.4247,0.0,27.0221,-10.6312,36.709,72.4628,47.946],"supportDates":["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"],"control":[23.9088,-24.6249,-11.5519,-29.2216,-32.3195,25.3851,-30.5779,-17.8302,-29.5575,-26.2559,-25.2311,-41.5164,-17.4112,-47.053,-22.5408,45.785,33.0614,60.4928,58.7574,-34.7134,36.5176,-46.485,-45.4009,-43.1041,-74.9037,-70.5234,-43.9043,-22.8253,26.5699,-37.147,0.0,-64.0729,-0.2134,-36.412,37.5754,-33.7224,-57.1501,-47.2116,-47.8705,0.0,18.1448,0.0,-22.9015,23.9731,44.7335,57.9301,0.0,24.1248,-7.1624,35.6536,71.2335,45.8235],"force":[36.1013,-28.1406,-12.8275,-24.8609,-31.7091,30.995,-64.5102,-21.5174,-30.5807,-15.7259,-22.6095,-47.8035,-6.3453,-72.7787,-1.8906,81.2125,41.6876,52.1391,37.8456,-44.416,30.1638,-55.0043,-46.2633,-33.0053,-97.2547,-72.3303,-22.0716,-3.6111,86.4303,-30.5193,0.0,-44.6862,-18.5622,-35.9323,82.3037,-36.3366,-84.0637,-33.5251,-48.9063,0.0,45.2889,0.0,-6.0458,27.7954,70.7278,38.9854,0.0,28.1078,-26.82,53.804,86.863,27.011],"direction":[2.0649,-0.8639,-2.6832,-15.6084,-35.7307,8.7987,-31.5601,-32.5388,-39.4305,-44.9857,-41.8679,-50.7059,-42.1166,-53.8227,-44.1652,23.4506,33.8071,49.6977,54.1547,-7.4608,24.938,-33.7503,-44.0908,-47.0902,-64.2804,-68.6175,-68.9594,-66.921,13.6091,-17.6634,0.0,-33.2954,-40.2964,-39.2816,9.5542,-4.3266,-43.441,-42.2567,-52.9864,0.0,5.7283,0.0,-0.7063,28.008,43.8576,55.7322,0.0,29.5578,-3.032,25.7045,63.5819,65.3254],"intensity":[65.3846,7.6923,28.8462,3.8462,25.0,21.1538,26.9231,32.6923,17.3077,9.6154,26.9231,51.9231,1.9231,57.6923,46.1538,90.3846,69.2308,53.8462,40.3846,86.5385,38.4615,78.8462,23.0769,46.1538,100.0,100.0,36.5385,23.0769,96.1538,57.6923,38.4615,78.8462,26.9231,46.1538,88.4615,65.3846,86.5385,59.6154,50.0,28.8462,84.6154,15.3846,17.3077,71.1538,57.6923,40.3846,80.7692,23.0769,17.3077,96.1538,94.2308,90.3846],"confirmation":[51.9547,51.0538,48.22,75.4337,78.641,29.6191,81.5091,75.6679,78.6207,77.2765,77.5689,82.9361,52.3598,86.5231,52.6503,84.0478,79.5793,85.3152,84.0808,54.5696,77.7727,82.4256,82.4805,81.1413,93.2201,90.5569,82.3931,55.2914,36.1717,77.1018,26.1823,83.1525,6.301,79.9068,81.8062,53.2678,87.6965,81.1193,83.9747,33.7937,52.7106,24.7778,25.8297,76.5095,84.994,84.2824,28.7746,76.7243,26.6149,80.284,91.6457,90.737],"persistence":[12.5,12.5,37.5,62.5,75.0,50.0,50.0,50.0,75.0,75.0,75.0,75.0,75.0,100.0,100.0,75.0,50.0,25.0,0.0,0.0,25.0,25.0,25.0,0.0,25.0,50.0,75.0,75.0,75.0,75.0,62.5,62.5,62.5,62.5,37.5,37.5,62.5,62.5,75.0,62.5,37.5,25.0,50.0,25.0,0.0,25.0,37.5,50.0,25.0,37.5,62.5,62.5],"assessmentRisk":[39.6236,20.1205,24.6859,9.8841,29.9931,26.8193,21.5068,30.6284,29.4687,34.6651,34.1142,26.7049,37.9003,22.0578,37.3556,25.0678,31.612,22.6812,24.0365,24.3578,8.993,26.5968,27.2603,27.0399,11.5999,14.8171,26.348,33.1862,14.5327,50.4994,43.7228,31.5183,37.1178,17.964,1.6406,41.9324,9.5009,17.6257,24.8803,47.4825,22.3656,36.0461,47.0312,32.4035,20.8364,23.233,44.4525,21.1791,29.1861,31.1424,13.6995,25.9857],"volumeParticipation":true,"latest":{"consensus":47.9,"control":45.8,"force":27.0,"direction":65.3,"confirmation":90.7,"persistence":62.5,"assessmentRisk":26.0,"intensity":90.4,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+47.9","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+45.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+27.0","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+65.3","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"91/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"63.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"7.2%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"22.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"93%","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 upward.","series":[{"label":"Close","values":[4.7784,4.9603,4.6514,4.9335,5.0673,5.226,5.1807,5.4558,5.6109,5.6538,6.3038,6.4074,6.5677,6.7768,6.9864,7.2832,7.1302,6.8056,7.073,6.9427,6.5831,6.8155,6.3825,6.2351,6.4881,6.5044,6.5112,6.6371,6.1394,5.777,5.917,6.0519,5.7774,6.0996,5.966,6.2066,6.5925,6.3825,6.7553,6.9224,7.1825,7.1264,6.5437,6.6628,7.0942,6.9082,7.2093,7.2531,7.144,6.7747,6.6517,6.6831,6.9484,6.8385,6.7656,6.6755,6.5925,6.7652,6.5543,6.4813,6.3485,6.3086,6.2456,6.0614,6.0997,5.8552,5.9581,6.455,6.582,6.8476,6.9669,6.5169,6.707,6.2893,6.1228,6.0018,5.2487,4.9356,4.8517,4.8517,5.4688,5.2468,5.312,4.9,5.0725,4.9515,5.4407,5.1412,4.6915,4.6316,4.462,4.6716,4.9411,4.91,4.78,5.1,5.37,5.6,5.2,5.32,5.16,5.54,6.2,6.34],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[4.6076,4.6717,4.668,4.7163,4.7801,4.8612,4.9193,5.0168,5.1248,5.221,5.4179,5.5978,5.7741,5.9564,6.1437,6.3509,6.4926,6.5495,6.6447,6.6989,6.6778,6.7029,6.6446,6.5701,6.5552,6.546,6.5397,6.5574,6.4814,6.3533,6.274,6.2336,6.1507,6.1414,6.1095,6.1271,6.2118,6.2428,6.336,6.4426,6.5771,6.677,6.6528,6.6546,6.7345,6.7661,6.8467,6.9206,6.9612,6.9273,6.8772,6.8419,6.8613,6.8571,6.8405,6.8105,6.7709,6.7698,6.7306,6.6853,6.6241,6.5667,6.5083,6.4271,6.3675,6.2744,6.2169,6.2602,6.3187,6.4148,6.5152,6.5155,6.5503,6.5029,6.4338,6.3552,6.154,5.9325,5.736,5.5752,5.5559,5.4997,5.4656,5.3627,5.31,5.2448,5.2804,5.2551,5.1526,5.0579,4.9496,4.899,4.9067,4.9073,4.8841,4.9234,5.0046,5.1128,5.1287,5.1635,5.1628,5.2314,5.4075,5.5771],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[4.4187,4.4588,4.4731,4.5072,4.5487,4.5989,4.642,4.7022,4.7696,4.8351,4.9439,5.0523,5.1645,5.2839,5.4101,5.5488,5.6659,5.7504,5.8483,5.9294,5.9778,6.0399,6.0652,6.0778,6.1082,6.1376,6.1652,6.2002,6.1957,6.1647,6.1463,6.1393,6.1125,6.1116,6.1008,6.1086,6.1445,6.1621,6.206,6.2591,6.3275,6.3867,6.3983,6.4179,6.468,6.5006,6.5531,6.605,6.6449,6.6545,6.6543,6.6564,6.6781,6.6899,6.6955,6.6941,6.6865,6.6924,6.6821,6.6673,6.6436,6.6188,6.5912,6.5519,6.5184,6.4693,6.4314,6.4332,6.4442,6.4741,6.5106,6.5111,6.5256,6.5081,6.4795,6.4441,6.3556,6.2504,6.1468,6.0509,6.0078,5.9514,5.904,5.8297,5.7736,5.7127,5.6925,5.6517,5.5806,5.5103,5.4326,5.3763,5.344,5.3119,5.2725,5.2597,5.2679,5.2925,5.2856,5.2882,5.2787,5.298,5.3648,5.4371],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[5.1756,5.2132,5.1928,5.2031,5.2225,5.2977,5.3358,5.437,5.5568,5.6734,5.9538,6.2047,6.453,6.7171,6.9914,7.2959,7.5163,7.6117,7.7155,7.7789,7.7962,7.8366,7.7707,7.7086,7.6544,7.5985,7.5023,7.4293,7.3598,7.3357,7.3681,7.3829,7.4165,7.3958,7.346,7.2121,7.1199,7.0722,7.0041,6.9995,7.1194,7.1827,7.1938,7.2203,7.3034,7.3471,7.4401,7.5258,7.5936,7.5769,7.5557,7.5416,7.4926,7.4657,7.3897,7.3406,7.3406,7.3113,7.3206,7.3271,7.3044,7.2836,7.308,7.3518,7.3306,7.355,7.2917,7.1785,7.0856,7.0971,7.1446,7.1309,7.0925,7.0475,7.014,6.9951,7.0966,7.1846,7.2586,7.2984,7.273,7.2557,7.2325,7.2449,7.2301,7.2329,7.2106,7.1284,7.0309,6.8524,6.6102,6.428,6.1369,5.9236,5.7181,5.5115,5.5323,5.6265,5.6437,5.6728,5.6303,5.6782,5.8928,6.1239],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[3.8681,3.9186,4.0034,4.0779,4.1554,4.1582,4.2105,4.2124,4.2111,4.2018,4.0855,3.9833,3.8892,3.8164,3.7449,3.6662,3.6852,3.8411,4.0166,4.2006,4.3638,4.5089,4.7479,4.9402,5.1364,5.3202,5.5494,5.7405,5.8629,5.8993,5.8282,5.7779,5.6653,5.6183,5.566,5.5922,5.6307,5.6361,5.6724,5.675,5.615,5.5828,5.5878,5.6041,5.5816,5.5783,5.5551,5.531,5.5637,5.6802,5.7748,5.852,6.0181,6.1189,6.2749,6.3709,6.3709,6.4384,6.409,6.3584,6.2977,6.2367,6.1825,6.0786,6.0003,5.8706,5.8088,5.8422,5.8789,5.8747,5.8587,5.8558,5.87,5.8601,5.8294,5.7808,5.545,5.274,5.0297,4.8271,4.7644,4.6755,4.6054,4.4769,4.389,4.2958,4.2663,4.2172,4.1256,4.0825,4.0742,4.0719,4.1864,4.2618,4.333,4.4494,4.4408,4.4129,4.4307,4.4484,4.4599,4.4414,4.3156,4.2284],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","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"]},{"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 strength","values":[9.8707,13.2236,7.0515,12.7857,18.5716,20.0745,19.329,26.468,28.4164,28.8049,43.7636,44.676,46.4211,47.5025,53.8853,57.619,53.7381,47.7326,53.5259,50.6227,40.6194,39.7761,29.4246,21.6895,27.0013,22.6935,22.6918,28.0705,15.3911,4.5968,3.8082,5.8776,4.1525,8.8562,4.2153,3.7029,9.0311,3.9597,7.2214,10.2748,14.3049,13.4963,2.9974,4.5967,11.0535,4.174,12.2723,14.6283,12.0407,6.3917,1.1332,0.6665,2.8137,-1.7426,-4.1018,-5.5145,-9.2167,-6.8282,-9.1684,-8.0765,-11.7104,-13.9172,-16.4581,-20.9755,-21.9455,-23.1995,-23.4213,-15.5786,-15.1903,-10.0431,-9.2903,-14.3401,-12.8625,-18.414,-26.275,-28.2445,-37.1802,-41.4423,-43.0427,-41.806,-30.395,-32.1222,-30.2706,-37.0408,-36.5506,-40.3625,-33.3839,-34.8304,-38.7664,-37.8632,-37.138,-33.0207,-27.3222,-24.881,-27.0565,-20.2583,-17.4509,-13.6565,-20.4727,-15.6446,-17.2907,-12.2306,2.069,8.5162],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","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"]},{"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":[74.7127,88.5139,62.3529,84.4244,94.5574,95.548,92.2091,96.29,96.489,98.3236,98.758,91.3843,95.6758,96.2212,91.8887,97.9283,93.2088,83.1936,91.4435,87.4227,76.3288,83.5,70.1382,65.5903,72.3477,70.7955,68.9092,73.5757,53.7117,35.8999,38.7742,44.5352,28.3518,35.7481,24.9366,37.9875,58.9118,47.522,67.7346,76.7946,90.9024,87.8612,56.265,67.1512,92.1922,81.3943,96.8956,96.058,90.0574,69.7563,62.9892,64.7193,79.3046,73.2602,69.2542,64.2989,59.7384,69.2322,57.6335,42.0156,32.8873,16.5705,18.4187,10.2033,12.9242,12.3863,18.5199,48.1455,55.7161,71.5474,78.6655,51.8355,63.1675,38.5773,29.8258,23.2811,1.8767,3.4351,9.2231,16.1145,40.7866,32.0495,34.6156,18.4007,25.1907,20.4289,39.6807,27.8939,10.1966,7.8394,3.8228,12.5194,22.7626,21.5808,16.6401,28.802,39.0636,52.5415,37.6741,46.802,44.4541,66.0558,95.8717,93.0162],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-6.5189,-2.961,-9.3766,-3.8794,-1.2738,-1.1411,-1.9969,-1.0651,-1.0774,-0.5167,-0.4512,-3.271,-1.6637,-1.5224,-3.5078,-0.9135,-2.9946,-7.4108,-3.773,-5.5459,-10.4378,-7.2757,-13.1676,-15.173,-11.7297,-11.5081,-11.4162,-9.7027,-16.4742,-21.405,-19.4998,-17.665,-21.3996,-17.0155,-18.8341,-15.5595,-10.3094,-13.1672,-8.0957,-5.8225,-2.2827,-3.0457,-10.9735,-7.828,-1.8606,-4.4338,-0.7512,-0.9788,-2.4687,-7.5095,-9.1898,-8.7602,-5.1387,-6.6395,-7.6342,-8.8646,-9.997,-7.6397,-10.5196,-11.5159,-13.3288,-13.8732,-14.7334,-17.2486,-16.726,-20.0632,-18.6587,-11.8745,-10.1409,-6.5155,-4.8855,-11.0295,-8.4345,-13.9779,-15.4447,-16.2868,-26.7913,-31.158,-31.7398,-31.0281,-21.5756,-24.7591,-23.8242,-29.7324,-27.2583,-28.9934,-21.9786,-26.2733,-32.7217,-33.5806,-36.0141,-33.008,-29.1431,-29.589,-31.4532,-26.8643,-22.9924,-16.8664,-21.44,-17.2816,-16.5303,-9.9996,-1.2739,-2.3112],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[25.95,30.7436,20.6809,28.0015,28.8918,32.9295,31.7787,38.774,42.7208,43.8109,56.3495,55.9279,59.8295,64.919,70.018,77.241,73.5184,65.6189,72.1261,68.9547,60.2044,65.8607,55.3215,51.7343,53.2965,46.0389,39.9846,42.6924,29.6793,17.9983,18.1204,20.8127,12.0744,12.8772,8.3526,12.724,19.7327,15.9176,22.6879,25.7225,30.448,29.4293,18.8461,21.009,28.8434,25.4651,30.934,31.7297,29.7476,23.0418,20.8065,21.378,26.1957,24.1992,22.8759,21.2391,19.7327,22.8686,19.0374,10.4124,8.1502,3.305,4.0595,2.4259,3.0728,3.6789,5.5006,14.2997,16.5483,21.2504,23.3645,15.3957,18.7614,11.3654,8.4168,6.2744,0.7049,1.6364,4.9586,9.4595,23.3807,18.3722,19.8431,10.5481,14.4404,11.7107,22.7467,15.99,5.8451,4.4939,2.2884,7.5862,13.7931,13.077,10.0832,17.4527,23.6708,28.9677,19.7557,22.5193,18.8345,27.5859,42.7857,46.0099],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","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"]},{"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":[0.1758,0.192,0.1778,0.1872,0.2031,0.2259,0.2375,0.2659,0.2975,0.3222,0.3898,0.4466,0.4988,0.5507,0.6018,0.6586,0.6834,0.6692,0.6718,0.6557,0.607,0.5804,0.5185,0.4522,0.4154,0.3831,0.354,0.3372,0.2804,0.2039,0.1528,0.1217,0.0741,0.0617,0.0406,0.0428,0.0748,0.0823,0.1169,0.1561,0.2057,0.2378,0.2138,0.202,0.2249,0.2254,0.2472,0.265,0.2673,0.2365,0.1999,0.1714,0.1684,0.1553,0.1374,0.1147,0.0889,0.0815,0.058,0.033,0.0025,-0.0246,-0.0506,-0.0851,-0.1081,-0.1443,-0.1629,-0.136,-0.1032,-0.0551,-0.0073,-0.0057,0.0108,-0.0097,-0.0389,-0.0711,-0.1555,-0.2449,-0.3188,-0.373,-0.3621,-0.3671,-0.3616,-0.3861,-0.3871,-0.3931,-0.3543,-0.3438,-0.3675,-0.3867,-0.4108,-0.4083,-0.3802,-0.3563,-0.3439,-0.3048,-0.2491,-0.1843,-0.1633,-0.1354,-0.1248,-0.0848,0.0002,0.078],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[0.222,0.216,0.2084,0.2041,0.2039,0.2083,0.2142,0.2245,0.2391,0.2557,0.2826,0.3154,0.352,0.3918,0.4338,0.4787,0.5197,0.5496,0.574,0.5904,0.5937,0.591,0.5765,0.5517,0.5244,0.4961,0.4677,0.4416,0.4094,0.3683,0.3252,0.2845,0.2424,0.2063,0.1731,0.1471,0.1326,0.1225,0.1214,0.1284,0.1438,0.1626,0.1729,0.1787,0.1879,0.1954,0.2058,0.2176,0.2276,0.2293,0.2235,0.213,0.2041,0.1943,0.183,0.1693,0.1532,0.1389,0.1227,0.1048,0.0843,0.0625,0.0399,0.0149,-0.0097,-0.0366,-0.0619,-0.0767,-0.082,-0.0766,-0.0628,-0.0514,-0.0389,-0.0331,-0.0343,-0.0416,-0.0644,-0.1005,-0.1441,-0.1899,-0.2243,-0.2529,-0.2746,-0.2969,-0.315,-0.3306,-0.3353,-0.337,-0.3431,-0.3518,-0.3636,-0.3726,-0.3741,-0.3705,-0.3652,-0.3531,-0.3323,-0.3027,-0.2748,-0.247,-0.2225,-0.195,-0.1559,-0.1092],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[-0.0462,-0.024,-0.0306,-0.017,-0.0009,0.0175,0.0234,0.0414,0.0584,0.0665,0.1073,0.1312,0.1467,0.1589,0.168,0.1799,0.1638,0.1196,0.0977,0.0654,0.0133,-0.0106,-0.0581,-0.0994,-0.109,-0.113,-0.1137,-0.1044,-0.1289,-0.1644,-0.1724,-0.1628,-0.1683,-0.1446,-0.1325,-0.1043,-0.0578,-0.0403,-0.0045,0.0277,0.0619,0.0752,0.0409,0.0233,0.0369,0.03,0.0415,0.0474,0.0397,0.0072,-0.0236,-0.0416,-0.0358,-0.0391,-0.0455,-0.0546,-0.0643,-0.0574,-0.0647,-0.0717,-0.0818,-0.0871,-0.0905,-0.1,-0.0984,-0.1077,-0.101,-0.0593,-0.0212,0.0215,0.0554,0.0456,0.0497,0.0234,-0.0047,-0.0295,-0.0911,-0.1444,-0.1746,-0.1831,-0.1377,-0.1142,-0.087,-0.0891,-0.0721,-0.0625,-0.019,-0.0068,-0.0244,-0.0348,-0.0472,-0.0358,-0.0061,0.0142,0.0213,0.0483,0.0832,0.1184,0.1115,0.1115,0.0977,0.1102,0.1562,0.1871],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","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"]},{"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":[97.5237,52.7471,39.0927,29.9896,32.4445,28.2717,42.6307,65.714,72.7604,253.1688,169.1448,191.24,78.805,93.7005,52.8425,209.1899,46.0094,34.9053,8.9424,96.8184,197.7105,73.9943,99.0676,58.5716,163.3502,110.9647,102.4495,62.751,59.0506,186.6713,63.1018,80.3588,59.6832,108.0788,9.7742,29.1945,213.9,56.0711,156.1214,32.9439,56.9174,32.9011,142.5645,7.208,117.556,10.7223,106.2773,24.4248,9.9913,88.4195,255.1476,51.614,91.8459,38.8316,96.2605,41.8406,93.5458,25.4178,185.388,145.7132,104.6897,32.5042,138.9509,152.635,276.6886,273.4824,55.4795,92.2953,102.3408,36.767,31.6031,9.0369,15.9408,37.3706,59.0586,50.4934,247.9182,133.4185,32.2626,147.1068,372.2164,85.5544,26.7772,18.6044,29.2221,85.4138,134.6938,41.5911,139.8392,322.9131,104.512,195.6129,81.747,24.3847,8.6064,0.6667,288.7685,1.6806,6.8151,41.6289,64.4695,81.7822,85.9639,34.7653],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[132.801,133.0966,132.8858,133.0481,133.2226,133.3687,133.1504,133.4924,133.8767,135.0,135.0,135.0,135.0,135.0,135.0,135.0,134.7509,134.5637,134.6022,134.1793,133.2734,133.6157,133.1431,132.8595,133.7073,134.3097,134.8856,135.0,134.6685,133.6443,133.9733,134.3651,134.0791,134.5953,134.5499,134.6709,135.0,134.7501,135.0,135.0,135.0,134.863,134.2584,134.2881,134.7525,134.713,135.0,135.0,134.9669,134.7053,133.8858,134.0461,134.3319,134.2184,133.925,133.7972,133.5425,133.6095,133.1455,132.7639,132.488,132.4031,132.0583,131.6506,132.4341,131.5432,131.7182,132.0194,132.3696,132.4928,132.5873,132.5609,132.6056,132.501,132.3397,132.2015,131.4629,131.0418,130.9459,130.9459,132.2558,131.945,132.0389,131.9769,132.0642,131.8375,132.2081,132.0976,131.7246,130.7212,130.3838,131.081,131.3829,131.293,131.2618,131.2642,132.3385,132.3444,132.3207,132.4899,132.5554,133.1358,133.3801,133.4795],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","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"]},{"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":[-4.9121,-1.2931,-7.4403,-1.8255,0.0,0.0,-0.8657,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,-2.1003,-6.5572,-2.8858,-4.6751,-9.6121,-6.4208,-12.367,-14.3909,-10.9159,-10.6923,-10.5995,-8.8702,-15.7042,-20.6804,-18.7577,-16.9059,-20.675,-16.2504,-18.0858,-14.781,-9.4825,-12.3667,-7.2484,-4.9542,-1.3818,-2.1519,-10.1528,-8.5176,-2.5949,-5.1488,-1.0144,-0.4128,-1.9113,-6.9808,-8.6707,-8.2387,-4.5964,-6.1058,-7.1062,-8.3437,-9.4825,-7.1117,-10.0081,-11.0101,-12.8334,-13.3809,-14.246,-16.7756,-16.25,-19.6063,-18.1937,-11.3708,-9.6272,-5.9812,-4.3418,-10.5209,-7.9111,-13.6461,-15.9324,-17.5937,-27.9343,-32.2328,-33.3841,-33.3841,-24.9118,-27.96,-27.0648,-32.7216,-30.3528,-32.0141,-25.2977,-29.4098,-35.5838,-36.4062,-38.7361,-35.8579,-32.1574,-32.5843,-34.3693,-29.9756,-26.2684,-23.1104,-28.6025,-26.9549,-29.1518,-23.9343,-14.8723,-12.95],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[23.9772,28.6957,20.6809,23.1362,26.4741,30.436,29.3069,36.1709,37.3187,37.9669,47.4255,49.8478,53.4523,58.3387,63.2343,70.169,66.595,59.0107,65.2583,62.2134,53.8122,59.2428,49.1242,45.6801,45.1696,39.8394,39.9846,42.6924,24.4429,14.0062,14.2117,16.8149,5.8951,8.7099,5.5215,7.4375,14.1175,10.4814,16.9341,19.8264,24.3303,23.3594,13.2725,15.334,22.8009,19.5811,24.7935,25.5519,23.6627,17.2714,15.1409,15.6856,20.2775,18.3745,17.1133,15.5453,14.1096,17.0983,9.8611,8.6379,2.2855,0.0,0.0,0.0,0.6316,0.0,1.7571,10.244,12.4128,16.948,18.9872,11.3011,14.5474,7.4138,4.5699,2.5034,0.0,0.0,0.0,0.0,12.7181,8.1425,9.4863,0.9945,4.5505,2.0567,12.1389,5.9661,0.0,0.0,0.0,4.698,10.7382,10.0414,7.1279,14.2996,20.3508,25.5055,16.5408,19.2302,15.6443,24.1608,38.9525,42.0901],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","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"]}]},"canonical_url":"https://sharemaestro.com/terminal/b4282044-d791-4798-978d-712f776956bd/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/b4282044-d791-4798-978d-712f776956bd/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/b4282044-d791-4798-978d-712f776956bd/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/b4282044-d791-4798-978d-712f776956bd/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/b4282044-d791-4798-978d-712f776956bd/technical-pack/data.json"},"source_fingerprint":"8220e48d4684dcf02d28761756a7ce8886d2e2c22de3c2a44c49a0960befad4a","content_hash":"9c1dafe3cb1f9886464bbc157d12a6194217585925b00316a172508ed9530944","citation":"Sharemaestro, BKNG34 Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/b4282044-d791-4798-978d-712f776956bd/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."}