Passe — pas de trade

The dVAL fire is only a 5-minute close below $78,653 — the named 15m trigger (17:45 close) actually closed UP and back ABOVE dVAL, so there is no 15-minute confirming close through the level; a 5m close is never the trigger. This level was also already attempted within the last 30 minutes, and the tape here is dead-volume chop between dVAL $78,653 and dPOC $78,733.5 with flat 5m delta (-1.7 BTC) — a poor reaction, no-trade middle-of-profile location. Only a short may be recorded on this book and no short trigger exists.