Passed — no trade

STATE shows 4 consecutive losses on this book with the last three outcomes all losses — after three consecutive losses the mandate is to pass this tick regardless of setup. Additionally, no valid 15m trigger has printed: the fired level is W-Open ($64,650.1) but the only reclaim is a 5m close (19:40), which can only corroborate, never stand as the named trigger; the last closed 15m candle (19:30) closed DOWN at $64,670.4 with no confirming reclaim structure.