{"id":14929,"date":"2025-12-03T12:01:16","date_gmt":"2025-12-03T12:01:16","guid":{"rendered":"https:\/\/navia.co.in\/blog\/?p=14929"},"modified":"2026-07-31T11:30:42","modified_gmt":"2026-07-31T11:30:42","slug":"the-investors-therapist-mastering-the-market-with-the-fear-and-greed-index","status":"publish","type":"post","link":"https:\/\/navia.co.in\/blog\/the-investors-therapist-mastering-the-market-with-the-fear-and-greed-index\/","title":{"rendered":"The Investor&#8217;s Therapist: Mastering the Market with the Fear and Greed Index"},"content":{"rendered":"<ul><li><a class=\"aioseo-toc-item\" href=\"#aioseo-what-is-the-fear-and-greed-index\">What is the Fear and Greed Index?<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-how-the-index-fear-greed-works\">How the Index Fear and Greed Works?<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-components-of-the-fear-and-greed-index\">Components of the Fear and Greed Index<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-conclusion\">Conclusion<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-key-takeaways\">Key Takeaways<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-frequently-asked-questions\">Frequently Asked Questions<\/a><\/li><\/ul>\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">The greatest challenge an investor faces in investing isn&#8217;t understanding the balance sheets or complex derivatives; it&#8217;s mastering your own mind. When the market surges, euphoria whispering you to &#8220;buy more&#8221;. Like that, when the market crashes, panic screams, &#8220;sell everything&#8221;. These are the natural emotions, <strong>fear and greed; <\/strong>these driving forces behind irrational market behavior.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">The critical metric acts as a phycological thermometer for the market, providing a clear, data-driven snapshot of prevailing sentiment. So, understanding the <strong>fear and greed index <\/strong>is essential for investors who are looking to make objective data-driven decisions and avoid costly mistakes.<\/p>\n\n\n\n<blockquote style=\"border-left:4px solid #e8622f;background:#fdf1ec;padding:18px 22px;margin:1.5em 0;line-height:1.8\"><strong>&#128161; Quick Answer<\/strong><br>The Fear and Greed Index condenses several market indicators into one number on a 0 to 100 scale, where low readings mean extreme fear and high readings mean extreme greed. It is built for contrarian use: extreme fear suggests prices are oversold and worth accumulating, extreme greed suggests the market is overbought and worth trimming. It measures sentiment, so it is a context tool rather than a timing tool.<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-1fbd80f3757ab3de378ef067de30fbbe\" id=\"aioseo-what-is-the-fear-and-greed-index\" style=\"color:#023368\">What is the Fear and Greed Index?&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">The <strong>Fear and Greed index <\/strong>is a market indicator, that designed to gauge the dominant emotion influencing investor behavior at any given time. It mainly operates on the principle of contrarian investing, that suggests:<\/p>\n\n\n\n<ul style=\"margin:1em 0;line-height:1.9\">\n<li style=\"margin-bottom:0.8em;line-height:1.8\">When the market is dominated by Extreme Greed, it&#8217;s likely overvalued and due for correction.<\/li>\n<li style=\"margin-bottom:0.8em;line-height:1.8\">When the market is dominated by Extreme Fear, prices are likely oversold, presenting potential buying opportunities<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">It refines numerous technical and market indicators into a single, easy-to-read number, typically scaled from <strong>0 (extreme fear) to 100 (extreme greed). <\/strong>It will simply assess whether the crowd is currently panicking or celebrating. &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">The core idea is simple: emotional markets create opportunities. Collecting the emotional state through this <strong>fear greed calculator <\/strong>will help you to avoid being swept up by the crowd and position yourself safe. Indian investors have a home-grown equivalent built on the same contrarian logic, which our guide to the <a href=\"https:\/\/navia.co.in\/blog\/market-mood-index\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=market_sentiment\">Market Mood Index (MMI)<\/a> explains in detail. &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-00491b7f52e2b5531a6cdc643e881061\" id=\"aioseo-how-the-index-fear-greed-works\" style=\"color:#023368\">How the Index Fear and Greed Works?&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">Let&#8217;s see the <strong>fear and greed index <\/strong>market sentiment across a five-point spectrum:&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Index Reading&nbsp;<\/th><th>Sentiment Level&nbsp;<\/th><th>Investor Strategy Implied<\/th><\/tr><\/thead><tbody><tr><td>0 to 25&nbsp;<\/td><td>Extreme Fear&nbsp;<\/td><td>Buy Signal: Prices are likely oversold due to panic selling.&nbsp;<\/td><\/tr><tr><td>26 to 45&nbsp;<\/td><td>Fear&nbsp;<\/td><td>Caution\/Buy: Markets are nervous; good accumulation zone.&nbsp;<\/td><\/tr><tr><td>46 to 54&nbsp;<\/td><td>Neutral&nbsp;<\/td><td>Wait: Sentiment is balanced; observe other indicators.&nbsp;<\/td><\/tr><tr><td>55 to 75&nbsp;<\/td><td>Greed&nbsp;<\/td><td>Caution\/Sell: Markets are getting expensive; start trimming positions.&nbsp;<\/td><\/tr><tr><td>76 to 100&nbsp;<\/td><td>Extreme Greed&nbsp;<\/td><td>Sell Signal: Markets are likely overbought and prone to a sharp correction.&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">By translating the complex market movements into a clear emotional language, the <strong>fear and greed index <\/strong>will help investors step back and analyze whether their actions are being guided by logic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">Sentiment readings are most useful when they sit inside a wider framework of trend and confirmation, which is exactly what <a href=\"https:\/\/navia.co.in\/blog\/dow-theory\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=market_sentiment\">Dow Theory<\/a> provides, and how you act on them depends on the approach set out in our overview of <a href=\"https:\/\/navia.co.in\/blog\/trading-strategies\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=market_sentiment\">trading strategies<\/a>.&nbsp;<\/p>\n\n\n\n<a href=\"https:\/\/open.navia.co.in\/index-navia.php?utm_source=organic&amp;utm_medium=blog&amp;utm_content=fear_greed_index_CTA\" target=\"_blank\" style=\"display:flex;width:100%\"><img decoding=\"async\" src=\"https:\/\/d1l8l3rp33cdzs.cloudfront.net\/images\/naviacee\/Open-free-demat-account%20%28blog%29%20%281%29.gif\" width=\"80%\" height=\"auto\" alt=\"Open a free demat account with Navia\" style=\"border-radius:10px;margin:5px auto;max-width:100%;height:auto\" \/><\/a>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-f2ee55dcb31a04e0b5d6450dac38ec25\" id=\"aioseo-components-of-the-fear-and-greed-index\" style=\"color:#023368\">Components of the Fear and Greed Index&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">The power of <strong><a href=\"https:\/\/navia.co.in\/blog\/the-psychology-of-investing-hope-fear-and-rational-decision-making\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=market_sentiment\">fear and greed<\/a> index <\/strong>comes from combining several underlying indicators. All have the same general philosophy as combining momentum, volatility, breadth and demand metrics. But the components can vary, let&#8217;s see some of them;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Components<\/th><th>Definition<\/th><\/tr><\/thead><tbody><tr><td>Market Momentum&nbsp;<\/td><td>This measures how rapidly the market is moving.&nbsp;<\/td><\/tr><tr><td>Market Volatility&nbsp;<\/td><td>Volatility is often synonymous with panic. A high VIX is usually associated with extreme fear because investors are rushing to buy protection.&nbsp;<\/td><\/tr><tr><td>Market Breadth&nbsp;<\/td><td>This metric assesses whether the rally (or crash) is broad-based. It compares the number of stocks advancing versus the number declining.&nbsp;<\/td><\/tr><tr><td>Safe-Haven Demand&nbsp;<\/td><td>This measures the relative demand for assets considered &#8220;safe,&#8221; such as bonds (or government securities).&nbsp;<\/td><\/tr><tr><td>Trading Activity (Put\/Call Ratio)&nbsp;<\/td><td>The Put\/Call ratio measures the volume of bearish option contracts (Puts) versus bullish contracts (Calls).&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">All these components are calculated, normalized, and weighted to generate a single score of the fear and greed index daily. Even a slight misspelling of the tool name, like the occasional search for feed and greed index, leads back to this powerful tool, demonstrating its market relevance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">Why those readings reach extremes at all is a behavioural question rather than a statistical one, and our piece on <a href=\"https:\/\/navia.co.in\/blog\/behavioral-finance-how-emotions-drive-market-bubbles\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=market_sentiment\">how emotions drive market bubbles<\/a> takes that up.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-19163bc30bc52b4bf73553601bddcd71\" id=\"aioseo-conclusion\" style=\"color:#023368\">Conclusion&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">The <strong>fear and greed index <\/strong>is the simplest yet most profound tools available for modern investors. By analyzing the objective data provided by this composite <strong>fear greed indicator, <\/strong>you can insulate your investment process from panic and euphoria. Whether you call it the <strong>index fear and greed<\/strong> or the <strong>fear and greed index<\/strong>, its purpose remains constant: to remind you that when everyone else is either wildly selling or carelessly buying, a true opportunity awaits the disciplined contrarian.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">So, use this tool in your trading journey to ensure your decisions are rooted in logic, not emotions. &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-0c977116a01a6c8909fdaadee39944c8\" id=\"aioseo-key-takeaways\" style=\"color:#023368\">Key Takeaways&nbsp;<\/h2>\n\n\n\n<ul style=\"margin:1em 0;line-height:1.9\">\n<li style=\"margin-bottom:0.8em;line-height:1.8\">The Fear and Greed Index compresses several market indicators into one number on a 0 to 100 scale, from extreme fear at the bottom to extreme greed at the top.<\/li>\n<li style=\"margin-bottom:0.8em;line-height:1.8\">It is designed for contrarian use: extreme fear flags a potential accumulation zone, extreme greed flags a point to trim and raise cash.<\/li>\n<li style=\"margin-bottom:0.8em;line-height:1.8\">The readings are grouped into a five-point spectrum running from extreme fear through neutral to extreme greed.<\/li>\n<li style=\"margin-bottom:0.8em;line-height:1.8\">Its inputs typically cover market momentum, volatility, breadth, safe-haven demand and the put-call ratio.<\/li>\n<li style=\"margin-bottom:0.8em;line-height:1.8\">It reports how the crowd feels, not what the market will do next, so it should never be used as a standalone timing signal.<\/li>\n<li style=\"margin-bottom:0.8em;line-height:1.8\">For beginners its biggest value is emotional discipline, because a single objective number is a useful check against panic selling and fear of missing out.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Do You Find This Interesting?<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-8f761849 wp-block-group-is-layout-flex\">\n<p class=\"wp-block-paragraph\">We&#8217;d Love to Hear from you-<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/form.typeform.com\/to\/bpQ8ZlDc\"><img decoding=\"async\" width=\"300\" height=\"64\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/02\/Yes-No-Button-1.png\" alt=\"feedback yes or no button\" class=\"wp-image-8901\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/02\/Yes-No-Button-1.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/02\/Yes-No-Button-1-150x32.png 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-d2c0ce40eb03bd666ecbca57af89e603\" id=\"aioseo-frequently-asked-questions\" style=\"color:#023368\">Frequently Asked Questions&nbsp;<\/h2>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\" style=\"background:#f1f1f1;border-radius:4px;margin-bottom:10px\">\n<summary style=\"font-weight:600;font-size:17px;color:#1a2332;cursor:pointer;padding:16px 20px\">How to calculate greed and fear index?<\/summary>\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">The Fear and Greed Index is calculated by taking an equal-weighted average of seven different market indicators. For each indicator, the index measures how far its current reading deviates from its long-term average. This deviation is scored on a scale of 0 to 100. All seven normalized scores are then averaged to produce the final, composite index reading.<\/p>\n\n<\/details>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\" style=\"background:#f1f1f1;border-radius:4px;margin-bottom:10px\">\n<summary style=\"font-weight:600;font-size:17px;color:#1a2332;cursor:pointer;padding:16px 20px\">What is a good fear-greed index score?<\/summary>\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">There is no &#8220;good&#8221; score, as the index is designed to signal opportunities for contrarian action.<\/p>\n\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">&#9673; A good score for buying (if you&#8217;re a long-term investor) is typically in the Extreme Fear (0&#8211;25) range, as it suggests the market is oversold due to panic.<\/p>\n\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">&#9673; A good score for selling or taking profits is in the Extreme Greed (76&#8211;100) range, as it signals the market is likely overbought and due for a correction.<\/p>\n\n<\/details>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\" style=\"background:#f1f1f1;border-radius:4px;margin-bottom:10px\">\n<summary style=\"font-weight:600;font-size:17px;color:#1a2332;cursor:pointer;padding:16px 20px\">Is the fear greed index always accurate?<\/summary>\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">No, the Fear-Greed Index is not always accurate, and it should not be used as a standalone tool. It is a sentiment indicator, which means it tells you what the crowd feels, not precisely what the market will do.<\/p>\n\n<\/details>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\" style=\"background:#f1f1f1;border-radius:4px;margin-bottom:10px\">\n<summary style=\"font-weight:600;font-size:17px;color:#1a2332;cursor:pointer;padding:16px 20px\">Is the index useful for beginners?<\/summary>\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">Yes, the index is very useful for beginners because its primary benefit is emotional control. It provides a simple, objective number that helps a new <a href=\"https:\/\/navia.co.in\/blog\/category\/investments\/\" title=\"\">investor<\/a> avoid panic selling and FOMO (Fear of Missing Out).<\/p>\n\n<\/details>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\" style=\"background:#f1f1f1;border-radius:4px;margin-bottom:10px\">\n<summary style=\"font-weight:600;font-size:17px;color:#1a2332;cursor:pointer;padding:16px 20px\">How is the CNN fear and greed index calculated?<\/summary>\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">The CNN Fear &amp; Greed Index is calculated using seven equal-weighted indicators, including:<\/p>\n\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">&#10147; Stock Price Momentum (S&amp;P 500 vs. its 125-day moving average).<\/p>\n\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">&#10147; Stock Price Strength (Number of stocks hitting 52-week highs vs. lows).<\/p>\n\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">&#10147; Stock Price Breadth (Trading volume in rising versus falling stocks).<\/p>\n\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">&#10147; Put and Call Options (Demand for Bearish Puts vs. Bullish Calls).<\/p>\n\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">&#10147; Junk Bond Demand (Spread between junk bond yields and investment-grade bonds).<\/p>\n\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">&#10147; Market Volatility (CBOE Volatility Index, or VIX).<\/p>\n\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">&#10147; Safe Haven Demand (Returns of stocks vs. returns of Treasury bonds)<\/p>\n\n<\/details>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:13px;line-height:1.6;color:#777\"><strong>DISCLAIMER:<\/strong>&nbsp;<strong>Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer:&nbsp;<a href=\"https:\/\/bit.ly\/naviadisclaimer\">https:\/\/bit.ly\/naviadisclaimer<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The greatest challenge an investor faces in investing isn&#8217;t understanding the balance sheets or complex derivatives; it&#8217;s mastering your own mind. When the market surges, euphoria whispering you to &#8220;buy more&#8221;. Like that, when the market crashes, panic screams, &#8220;sell everything&#8221;. These are the natural emotions, fear and greed; these driving forces behind irrational market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ub_ctt_via":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2],"tags":[190,790,455,261,254],"class_list":["post-14929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investments","tag-behavioral-finance","tag-emotions","tag-fear-and-greed-index","tag-investor-psychology","tag-market-sentiment"],"aioseo_notices":[],"featured_image_src":"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/12\/Fear-and-Greed-idex-.jpg","author_info":{"display_name":"Navia Markets","author_link":"https:\/\/navia.co.in\/blog\/author\/tradeplusonline\/"},"jetpack_featured_media_url":"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/12\/Fear-and-Greed-idex-.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/14929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/comments?post=14929"}],"version-history":[{"count":7,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/14929\/revisions"}],"predecessor-version":[{"id":18730,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/14929\/revisions\/18730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media\/14932"}],"wp:attachment":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media?parent=14929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/categories?post=14929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/tags?post=14929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}