Passe — pas de trade

STATE shows 4 consecutive losses on this book with L·L·L as the last three outcomes — the rule mandates that after THREE consecutive losses I pass this tick regardless of setup. Beyond the hard block: the "trigger" here is only a 5m close reclaiming pdPOC, not a 15m close, so it would not qualify as a named trigger anyway, and the tape is choppy/coiled around D-Open/VWAP/pdPOC with conflicting flow (4h CVD confirming up vs 5m delta confirming down). No trade.