Passe — pas de trade

STATE shows 4 consecutive losses on this day book — after three, the rule is to pass this tick regardless of setup. Beyond that discipline stop: the only "trigger" is a 5m close below developing dVAL, which is not a valid named trigger (must be a 15m close), the last 15m closed down but only marginally through dVAL with no confirmed backtest, and flow signals conflict (CVD confirming up, 5m bullish divergence, OI healthy uptrend) against a short. No clean, higher-bar setup exists.