Passe — pas de trade

Pass: after two consecutive losses, the stricter bar is not met and VWAP has already fired within the last 30 minutes; there is no fresh closed 15-minute trigger after that attempt. The 11:05 5-minute VWAP reclaim cannot trigger the trade, while 4-hour OI shows short covering rather than fresh participation, so await a new 15-minute rejection/reclaim or close-through-and-retest.