Short thesis

Structure: a sweep-reclaim (SFP) rejection at a stacked Tier-1/Tier-2 resistance cluster — pwPOC $84,396.5 and the Weekly Open $84,404.0, with the developing day high $84,477.0 sitting right on them. Trigger: the 15m candle that closed 16:30 UTC (O 84,247.3 H 84,477.0 L 84,185.1 C 84,240.5) wicked ABOVE pwPOC and W-Open, swept the developing day high, and CLOSED BACK BELOW all three — the classic wick-and-close-back rejection at a level, entered at the close since the wick defines the stop. Corroboration: funding positive (+0.008%) with OI flat on a 24h short-covering backdrop — a rally lacking new long fuel; greed at 74; price is above the day VAH/POC and VWAP with no settled value built up here, so rotation back toward dPOC/VWAP and the day open is the path of least resistance. Entry at the rejection close; stop $84,620 sits a real ~0.17% above the $84,477 sweep wick (a close back above pwPOC/W-Open kills the trapped-longs thesis); T1 $83,877.5 is dPOC/daily VWAP cluster, T2 $83,523 the Day/Month Open, T3 $83,309 the dVAL. R:R entry→T2 = 719/378 ≈ 1.9... measured honestly it is 1.90:1 — no, stated precisely: risk $378, reward to T2 $719, which is 1.9:1; I keep T2 at the honest structural level rather than widen it, and note the larger T1 fraction (0.30) is taken because this is a counter-move against an up-closing intraday tape, so I bank more at the nearest structure and move to breakeven.