Passe — pas de trade

The 17:15 15m candle did reject the developing VAH ($79,089) — wick to $79,123.8, close $78,480.2 — but this is a poor-quality short location: price is only marginally below dVAH, sitting right on daily VWAP ($78,368) which is support in an uptrending day, and the day is one-time-framing higher (D-open $77,685, 4H closed up, HH/HL sequence into $79,941.9 dHigh). The nearest real structural target below is dPOC/D-open at $77,185–77,685, and with the stop needing to sit above the $79,942 day high the honest R:R to T2 is well under 1:1 — using a tight stop above the wick only manufactures the ratio. Shorting into VWAP support with a bullish HTF trend and the 24h OI backdrop still a healthy uptrend is fading momentum at the wrong location; corroboration and R:R both fail, so I decline rather than wait.