Passe — pas de trade

Pass: VWAP at $63,686.7 is in reach and broader flow is bullish, but no qualifying 15-minute trigger has closed there. The 13:45 5-minute VWAP reclaim is only corroboration, while the corresponding 15-minute candle remains FORMING; after two consecutive losses, the stricter bar requires waiting for a fresh closed 15-minute rejection/reclaim.