Passe — pas de trade

The fired level is daily VWAP, and the only rejection is a 5m close below it — no 15-minute candle has closed through or rejected VWAP (the 08:45 15m close is mid-range chop, not a level reaction), so the named trigger is missing. Price is also sitting essentially on top of dPOC ($63,250) / VWAP ($63,335) in the middle of a tight developing value area with flat 5m delta and no volume response, i.e. the no-trade middle of the range. This level already fired within the last 30 minutes and I am one loss down on this book, so I require a fresh 15m close at a value-area edge (dVAH $63,443 / dVAL $63,016) before acting.