Passed — no trade

The gate fired on a 5m close back above daily VWAP ($77,402.6), but a 5m close is never a valid trigger on this book — the only 15m close available (05:30, O 77,153.3 → C 77,422.5) is a reclaim candle still forming its context, and price sits mid-range between dPOC $77,142.5 and dVAH $77,625.0 with no level-reaction close through or rejection at a named level. Structure is also two-sided: the 15m/1H tape just spiked to $77,846 then flushed to $77,021 in minutes, so there is no established trend to join, and Delta 5m is confirming_down against the 4h CVD bullish divergence — conflicting flow at a mid-range VWAP location. No confirming 15m trigger at a tradeable level plus contradicting flow: this is a watch, not a trade.