Passed — no trade

STATE shows 4 consecutive losses on this book — after three losses the rule is to pass this tick regardless of setup. Beyond that, the only structure in play is dVAH ($65,390) with a 5m wick-and-close-below, but a 5m close is never itself a valid named trigger; no 15m rejection has closed (15m is forming and actually closed UP through the area), and Delta 5m shows only a minor bearish divergence. No qualifying trigger and forced-pass discipline both apply.