Passe — pas de trade

The gate fired on a 5-minute close back above pwVAL $77,782 — but a 5m close is never a valid trigger on this book, and the most recent CLOSED 15-minute candle (08:45 UTC, O $77,804.2 H $77,835.8 L $77,655.9 C $77,763.9) closed DOWN and BELOW pwVAL, so there is no confirming 15m close through or rejecting the level. Price is also chopping in a tight $77,650–$78,100 band between VWAP/dPOC below and dVAH above with no clean trend to join, and the signals conflict (4h CVD bearish divergence and short-covering OI vs. bullish 5m delta). Missing element: the trigger.