Passe — pas de trade

Pass at pmVAH $65,203: the only confirmed 15-minute close is the 07:30 candle, which held above the level; the subsequent move below pmVAH exists only on the still-forming 07:45 15-minute candle, while the closed 5-minute loss is not a valid trigger. After two consecutive losses, flat 5-minute delta, short-covering OI, and bullish 4-hour CVD also fail the stricter corroboration/reaction-quality bar.