Passed — no trade

STATE shows 4 consecutive losses on this book — after three, the rule mandates I pass this tick regardless of setup. Additionally, the only trigger cited is a 1m close reclaim of pdPOC, which can never itself be a named trigger (must be a 15m close), and price is sitting essentially at VWAP/dPOC/pdPOC fair value with no confirmed 15m level-reaction — a no-trade fair-value zone. Pass on both the loss-limit rule and the absence of a valid 15m trigger.