Passe — pas de trade

The gate fired on a 5-minute wick-and-close-back-below pdVAL ($78,416) — but a 5m close is never a valid named trigger on this book, and the last CLOSED 15m candle (13:15 UTC, C $77,997) closed down BEFORE this bounce, so no 15-minute close has rejected or reclaimed pdVAL. Structurally the tape is also conflicted: price just swept the day low area ($77,852) and is bouncing back toward pdVAL/dVAL, so a short here would be fading momentum off a fresh flush into pwPOC ($77,171)/W-Open ($77,685) support — forbidden — while a long has no reclaim close of dVAL/pdVAL to lean on, and CVD is confirming down with a bearish 5m delta divergence. Missing element: the confirming 15-minute close.