Passed — no trade

Price at $62,811 is sitting right on the developing day VAL ($62,730) — an at-a-level location where only a reaction (reject/reclaim/SFP) is tradeable, not a continuation fade. But no confirming trigger has printed there: the 15m 08:30 candle closed DOWN into the VAL (not a reclaim close back above it), and the 5m/1m tape is just chopping on the level with no rejection close reclaiming it. The bearish signals (CCV short bias, CVD confirming_down, delta_5m -6.7, extreme fear, OI building into the fall) would support a break, but I cannot fade momentum into VAL support with the level-reaction only rule, and there is no with-trend break-and-retest close below VAL yet. Missing the confirming close — this is a watch, not a trade.