{"schema_version":"1.0","name":"DFEU Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"b62debe2-fd85-43c6-9b45-230cdda2761d","symbol":"DFEU","name":"iShares VII PLC - iShares Europe Defence UCITS ETF EUR (Acc)","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 has not yet responded to the same extent.","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, Acceleration, deceleration and rollover, Range pressure and compression, Activity pressure and cumulative balance, 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 upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. 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strength ahead of price","tone":"positive","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":0.0,"averageReturn":-6.8,"sample":1},"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 is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 0.0% of comparable cases moved higher after 12 weeks, with an average move of -6.8% across 1 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 4.3% across 1 completed cases, with the largest move arriving after 2.0 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-03-13","price":5.1},{"date":"2026-08-14","price":5.098}],"reversal_dangers":[{"date":"2026-03-20","price":4.852},{"date":"2026-08-21","price":4.865}]}},"smTape":{"available":true,"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"],"close":[4.4848,4.5797,4.4447,4.3948,4.256,4.3007,4.294,4.351,4.3655,4.6875,4.715,4.9417,5.052,4.8115,4.4313,5.332,4.625,4.5607,4.5375,4.1973,4.164,4.216,4.3513,4.3985,4.3795,4.5165,5.173,5.229,5.136,4.9885,4.7867,4.8762,5.225,5.085,4.92,5.1,4.852,4.575,5.061,4.932,5.033,4.551,4.6255,4.479,4.247,4.5515,4.759,4.498,4.5202,4.5693,4.2455,4.6712,4.3773,4.327,4.5305,4.697,4.945,5.098,4.865],"consensus":[-87.7284,100.0,-65.534,0.0,-30.6091,0.0,-9.2596,0.0,0.0,49.2114,19.6706,55.7574,50.2715,-13.5452,-48.766,71.8403,-41.6166,-19.8201,-9.7,-55.5786,-23.6441,-10.3805,0.0,13.9156,0.0,29.9176,72.9955,46.0561,16.1419,0.0,-29.4269,0.0,58.1134,0.0,-20.4151,34.2291,-35.4271,-55.1177,41.2938,-18.3379,20.5982,-46.6707,-11.4415,-49.5856,-60.8546,15.4182,25.6689,-24.7581,-9.3172,0.0,-37.0713,26.9503,-33.9565,-11.0859,28.8309,25.9725,55.3727,53.1244,6.717],"supportDates":["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"],"control":[0.0,0.0,48.7999,8.2199,50.6277,42.4076,-16.0057,-47.3565,65.2146,-42.6158,-19.7072,-15.3918,-57.6738,-14.2033,-1.7107,0.0,13.9462,0.0,30.1747,73.2383,43.8553,9.6335,0.0,-19.1229,0.0,61.0852,0.0,-27.391,28.3096,-34.522,-48.2906,44.5096,-17.2822,19.6869,-55.7375,-0.5465,-44.6827,-64.9547,25.0739,30.5131,-32.8455,-21.4539,0.0,-31.6579,28.4278,-35.1216,-0.1756,29.2887,29.3765,47.9151,52.9725,20.684],"force":[0.0,0.0,60.9279,5.6658,60.736,45.9037,-65.2975,-69.051,95.6721,-70.4074,-19.6894,-5.6119,-61.6497,-7.525,-16.7904,0.0,32.2179,0.0,46.0794,96.0214,32.0518,26.8872,0.0,-72.5165,0.0,82.0162,0.0,-56.9952,49.6947,-58.4861,-84.3524,64.2747,-37.6741,23.097,-58.8167,-8.0459,-63.4878,-60.4888,45.5641,39.4994,-21.2341,-0.1597,0.0,-27.0077,40.2321,-39.9634,-4.4909,50.2891,33.6505,75.7372,49.1461,45.3645],"direction":[0.0,0.0,41.3129,42.7605,58.0639,62.3788,-26.2329,-35.8877,62.3898,-19.9098,-20.0426,-6.1151,-48.8477,-45.9473,-39.6966,0.0,0.8074,0.0,18.0795,56.271,58.5744,54.3152,0.0,-10.4247,0.0,37.6435,0.0,-13.686,29.9473,-19.9908,-42.038,21.2036,-5.7327,19.8549,-27.6328,-37.8125,-45.2587,-56.4302,17.1496,10.2537,-18.0325,-2.2158,0.0,-50.4465,15.7747,-28.3344,-35.0824,12.9805,16.5979,49.3496,56.1397,36.8507],"intensity":[42.8571,25.0,88.8889,80.0,72.7273,66.6667,76.9231,92.8571,100.0,93.75,29.4118,11.1111,78.9474,85.0,9.5238,54.5455,8.6957,50.0,40.0,92.3077,85.1852,25.0,51.7241,66.6667,19.3548,78.125,45.4545,50.0,71.4286,63.8889,70.2703,89.4737,79.4872,17.5,87.8049,76.1905,48.8372,70.4545,66.6667,67.3913,57.4468,10.4167,6.1224,78.0,86.2745,61.5385,34.6154,48.0769,53.8462,51.9231,36.5385,46.1538],"confirmation":[25.5366,24.9433,84.111,51.3756,86.0723,84.0736,34.1372,84.2448,91.8162,82.1795,74.3402,25.5593,85.9383,52.5521,6.2078,6.3132,50.3436,1.2568,78.0623,92.0566,82.3447,32.3558,10.4139,78.8868,48.6856,87.2795,7.6899,33.1277,79.5148,80.0532,86.6326,81.8654,51.8068,74.6815,83.1666,4.9499,84.3658,87.3999,32.0307,76.5617,75.692,25.2085,47.3259,79.6386,77.0064,79.0314,26.9066,77.8729,76.4933,86.4535,84.8809,41.6426],"persistence":[37.5,25.0,25.0,0.0,12.5,37.5,25.0,25.0,37.5,25.0,0.0,25.0,50.0,75.0,75.0,62.5,62.5,50.0,25.0,0.0,25.0,50.0,62.5,50.0,37.5,50.0,37.5,12.5,12.5,12.5,25.0,0.0,12.5,12.5,25.0,25.0,50.0,50.0,25.0,25.0,25.0,50.0,37.5,37.5,12.5,12.5,37.5,37.5,12.5,12.5,25.0,37.5],"assessmentRisk":[25.1924,46.4269,25.1266,40.0527,22.1084,24.8621,41.5086,21.6214,7.3309,20.5641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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":"Broadly stable","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+6.7","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+20.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+45.4","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+36.9","detail":"Upward 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