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Ruling Guide  ·  Structural Catalyst Interface v2  ·  Exhaustion-Aware Bidirectional Pressure Model
System Purpose

LibreTrader defines a deterministic structural model for catalyst-driven price displacement. The system quantifies structural pressure, identifies catalyst leverage and exhaustion, measures profitability drag versus expansion, detects forced accumulation and forced distribution, and treats CALLS and PUTS as equal outcomes.

Price movement is modeled as pressure displacement away from equilibrium. That displacement can occur upward or downward. The system does not interpret direction subjectively, use sentiment or narrative, or manually weight variables.

The framework explicitly surfaces put-side displacement in post-leak speculative environments as a primary or equal path. No long bias exists.
Structure Classes
Class A — High Conviction

All four PAS structural gates are satisfied. Maximum directional confidence within the v12.3 framework. Framework routes Class A to full Conflict Sheet analysis covering both the accumulation and inversion paths before execution routing.

Both paths are independently scored even at Class A — dominant path carries majority structural weight, not exclusivity.
Class B — Conditional Opportunity

Structural conviction is present but tempered by friction or incomplete gate resolution. Viable with controlled parameters. Conflict Sheet analysis is optional but recommended. Monitor for Class A upgrade conditions.

Class C — Monitor Only

Insufficient gate resolution for directional positioning under current framework conditions. No directional contracts permitted. Observation-only classification. Track for condition changes that could promote to Class B.

Structural Regimes
Forced Accumulation

Short gamma squeeze or structural accumulation detected. Dealer gamma positioning reinforces upward displacement. Conditions: SI/P-E high, PCS ≥ +0.5, OI below Call Wall, DTC 3–5, VWAP recovering from negative Z, IV/HV in expansion regime, Net GEX negative.

INVALID when PCS ≤ −0.75 or Catalyst Type is Earnings Aftershock / Launch-Failure. Route to Structural Distribution unless Net GEX flips strongly positive with VWAP reclaim.
Structural Distribution

Incremental overhead supply identified. Not a full inversion — distribution is building. Both accumulation and inversion routes should be evaluated against the polarity score split. Conditions consistent with: low SI/P-E or squeeze trap, negative PCS, OI above Put Wall, high DTC, VWAP rejection above +1.5 Z, IV/HV above Vega Wall (2.0+), positive Net GEX.

Structural Inversion

Post-exhaustion or profitability-drag inversion. Polarity matrix resolves bearish. Per the SCI: Forced Distribution condition. Evaluate short-side pressure, IV/HV regime, and Burn Model flags. This is the put-priority path.

Momentum Accumulation

Positive structural delta with call-side momentum. Framework supports continuation — confirm OI gravity position and Net GEX alignment before treating as actionable. Not as structurally clean as Forced Accumulation.

Dead Zone

Bull and bear polarity forces are in structural equilibrium. No actionable directional edge exists. Framework designates this observation-only — no directional contracts permitted. Acc% and Inv% will both be near 50%.

Stage 2 — Structural Force Relationships

Each input metric maps into a pressure field. These fields interact to produce the final structural output. Understanding the relationships between them is essential for interpreting rulings correctly.

IV/HV × PCS Relationship

This is the most critical binding relationship in the framework. IV/HV alone does not determine direction — PCS determines whether high IV is expansion fuel or a terminal bubble.

High IV + PCS > 0Expansion fuel. Volatility is backed by improving fundamentals. Call-side amplification.
High IV + PCS < 0Terminal Bubble. Volatility is detached from fundamentals. Put-side amplification.
Low IV + any PCSUnderpriced movement. Potential expansion setup regardless of direction.
VWAP Z × Net GEX Relationship

VWAP is an exhaustion detector. Combined with GEX, it identifies whether the current displacement will be amplified or dampened by dealer hedging activity.

+Z + Negative GEXOverextension with dealer amplification. Extreme displacement risk upward.
+Z + Positive GEXOverextension being dampened. Mean-reversion trigger forming.
−Z + Negative GEXCapitulation zone with amplification. Rapid recovery or continued collapse.
−Z + Positive GEXShort exhaustion with stabilization. Controlled recovery likely.
SI/P-E × DTC Relationship

Short pressure and cover friction interact to determine squeeze potential or distribution speed.

High SI/P-E + Low DTCSqueeze trap conditions. Fast covering possible. Accumulation fuel.
High SI/P-E + High DTCStructural cap on squeeze. Shorts cannot cover quickly — pressure builds but cannot unwind.
Low SI/P-E + High DTCAir-pocket downside. Weak bids, slow covering, distribution channel.
Catalyst Type Normalizer

Different catalyst types carry different structural weights applied to the polarity matrix.

Earnings AftershockInv ×1.5 / Acc ×0.7 / Binary −15%. High fade risk.
Launch-Failure / Product LossInv ×2.0 / Acc ×0.5 / Binary −25%. Strong Burn Model bias.
Revenue Miss + CatalystInv ×1.8 / Acc ×0.6 / Binary −20%. Liquidity exit default.
Pure DilutionInv ×1.2 / Acc ×0.8 / Binary −10%. Air-pocket risk.
FDA / Positive BinaryInv ×0.8 / Acc ×1.3. Exception case.
Macro / Sector1.0 / 1.0. Regime dependent.
Execution Rules — Global Overrides
Catalyst Fade Rule

If PCS ≤ −0.5 AND IV/HV is high, the catalyst becomes a liquidity exit within 1–3 sessions. The initial move is a fade trap — the structural pressure resolves toward inversion after the initial displacement.

Squeeze Sustainability Rule

If PCS ≥ +0.5 AND SI/P-E ≥ +0.5, multi-session squeeze probability rises. The accumulation thesis can sustain multiple sessions rather than fading on the first green day.

Structural Shock Rule

If Binary Level > 120% AND Net GEX is Negative, a gamma shock regime is active. Dealer hedging amplifies movement in both directions. Contract selection must account for maximum velocity — both calls and puts can move violently.

Burn Model Override

PCS ≤ −0.75 triggers the Burn Model. Forced Accumulation is structurally invalid by default. The reversion harvest opportunity flag is elevated. Inversion priority routes the setup to Structural Distribution unless Net GEX flips strongly positive with a confirmed VWAP reclaim.

The Structural Asphyxiation Gate

The Asphyxiation Gate is a universal inversion pivot protocol. It converts no-bid conditions into PUT triggers when structural exhaustion is detected. If ANY Red-Line condition is met AND Net GEX is Positive, the status becomes STRIKE INVERSION (PUTS).

Red-Line 1 — IV Crush Dead Zone
ConditionIV/HV > 2.5 AND time to catalyst < 24h AND Net GEX = Positive
RulingSTRIKE INVERSION (PUTS)
MechanismMarket makers are long gamma and will dampen any move. Post-catalyst IV crush creates put opportunity.
Red-Line 2 — Terminal Friction Cap
ConditionDTC > 10 AND price within 2% of Call Wall AND volume declining
RulingSTRIKE INVERSION (PUTS)
MechanismGravitational ceiling reached. Structural friction prevents continued upward displacement. Distribution begins.
Red-Line 3 — Burn-Rate Divergence
ConditionPCS < −0.5 AND VWAP Z > +2.0
RulingSTRIKE INVERSION (PUTS)
MechanismInstitutional liquidity exit phase. Price is overextended relative to equilibrium while fundamentals deteriorate. The divergence resolves bearish.
Stage 1.5 — Displacement Rulings
Rally Extension Flag

Triggered when: 5D return ≥ +18%, OR 10D return ≥ +30%, OR 4+ consecutive green days. Confirms Overbought Tension elastic state. Gate 3 tightens — PCS ≥ +0.4 or SI/P-E ≥ 0.35 required. Inversion priority is active.

Slashing Flag

Triggered when: 5D return ≤ −18%, OR 10D return ≤ −30%, OR 4+ consecutive red days. Confirms Oversold Tension elastic state. Binary Level alone allowed for Gate 3. Short-side friction softened. Snapback probability elevated.

Volatile Dislocation

Both Rally Extension AND Slashing flags active simultaneously. Gate 1 thresholds relax to IV/HV ≥ 1.05 and |VWAP Z| ≥ 0.70. Both directional paths remain structurally open. Maximum elastic tension state.