Passed — no trade

STATE shows 4 consecutive losses on this day book (last three: L·L·L) — the discipline rule mandates a pass this tick regardless of setup after three consecutive losses. Independently, the fired level (pwVAH $65,096) shows only a marginal 15m wick-and-close-below with no clean rejection body, price is sitting right at it in chop between dVAL/VWAP, and the read is muddy anyway. No trade.