{"schema_version":"1.0","name":"BMN3 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"ea6095db-3774-48f1-9d57-5ff73629f7a9","symbol":"BMN3","name":"Leverage Shares 3x Long Bitmine Immersion (BMNR) ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Completed returns and cumulative progression, Range expansion and closing direction, Drawdown and recovery pressure, Activity pressure and cumulative balance, Acceleration, deceleration and rollover."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":21,"displayedObservations":21,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[4.55006,6.0,6.2975,7.2875,7.42,8.2225,7.235,4.424,4.2,2.7,2.273,2.225,1.199,1.5,1.562,1.487,1.718,2.01,1.85,2.592,2.284],"highs":[5.65278,7.2975,9.55,8.7375,7.5575,8.9175,7.795,4.685,4.787,2.863,2.511,2.225,1.249,1.621,1.718,1.584,2.642,2.374,2.781,2.622,4.423],"lows":[4.55006,5.2325,6.2975,6.99,5.82,6.565,5.16,3.726,3.41,2.253,2.224,2.05,1.094,1.498,1.554,1.423,1.641,1.785,1.85,2.0685,2.284],"closes":[5.36411,6.9,9.1425,7.215,6.88,6.6525,5.225,4.37,4.393,2.253,2.386,2.05,1.249,1.5,1.622,1.515,1.7415,1.818,2.518,2.0685,4.331],"hoverRows":[[{"label":"Open","value":"4.55","className":"is-ohlc","compact":true},{"label":"High","value":"5.65","className":"is-ohlc","compact":true},{"label":"Low","value":"4.55","className":"is-ohlc","compact":true},{"label":"Close","value":"5.36","className":"is-ohlc","compact":true},{"label":"Market 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between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-17","price":9.1425}],"reversal_dangers":[{"date":"2026-04-24","price":7.215}]}},"smTape":{"available":true,"dates":["2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[5.3641,6.9,9.1425,7.215,6.88,6.6525,5.225,4.37,4.393,2.253,2.386,2.05,1.249,1.5,1.622,1.515,1.7415,1.818,2.518,2.0685,4.331],"consensus":[47.644,61.5012,74.9424,-74.2489,31.5176,-12.1629,-49.0978,-46.5095,-25.5197,-74.531,-36.5543,-56.5956,-38.8944,-42.9846,-33.1345,-31.8285,-15.8432,-22.6112,27.2875,-28.1655,67.9933],"supportDates":["2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,-16.8934,-46.0512,-29.776,-12.5915,-76.7054,-25.8687,-60.2548,-22.5675,-48.3736,-30.6484,-28.0103,-30.4076,-37.042,19.3507,-44.365,61.7389],"force":[47.644,61.5012,74.9424,-74.2489,0.572,-26.8211,-49.2719,-51.8881,-1.4244,-70.6724,-4.7284,-30.1503,-14.0865,-10.8715,-2.5809,-6.9321,-15.835,-2.5013,68.1242,-32.5812,97.1228],"direction":[null,null,null,null,53.6215,-3.7135,-52.4554,-61.7916,-57.5057,-74.8022,-71.4993,-71.3031,-75.2737,-59.7638,-57.7998,-53.9753,-21.8254,-20.4829,7.1891,-6.4978,54.3344],"intensity":[null,null,null,null,25.0,40.0,50.0,100.0,12.5,77.7778,20.0,18.1818,33.3333,30.7692,7.1429,13.3333,50.0,17.6471,44.4444,42.1053,95.0],"confirmation":[37.9127,42.3471,46.6482,46.4263,31.3376,50.3923,83.763,83.3019,52.9623,91.6992,56.2236,85.2489,79.939,80.6943,55.0431,54.8179,29.9273,51.7361,55.4308,54.234,55.0],"persistence":[null,null,100.0,50.0,60.0,33.3333,14.2857,0.0,25.0,50.0,75.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,50.0],"assessmentRisk":[null,null,null,null,20.7574,2.2093,24.9353,25.0137,34.9891,12.5517,30.3333,19.1761,29.9689,6.5688,14.0322,14.274,38.6967,32.6081,27.7944,47.4066,15.6171],"volumeParticipation":true,"latest":{"consensus":68.0,"control":61.7,"force":97.1,"direction":54.3,"confirmation":55.0,"persistence":50.0,"assessmentRisk":15.6,"intensity":95.0,"evidenceDepth":81},"analysis":{"status":"Completed tape has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Completed tape","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+68.0","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+61.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+97.1","detail":"Upward 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