Passed — no trade

STATE shows 4 consecutive losses on this book — the rule mandates a pass this tick regardless of setup. Even setting that aside, the only "trigger" is a 1m close below VWAP, which is never itself a valid named trigger (must be a 15m close), and the broader read conflicts anyway: CVD is confirming_up, 5m delta shows a bullish divergence, price is right at day EQ/VWAP/POC fair-value cluster — this is chop in the middle of the developing value, not a clean directional location.