Passe — pas de trade

The fired level is the developing POC at $85,577.5 — the middle of the developing value area, a no-trade/chop location by the method, and price is literally oscillating around it on tiny volume (15m close $85,565.8, $12 below the level). STATE already has an open short on this book, so only a long could be recorded, yet there is no long trigger: no reclaim close back above dPOC/VWAP, no swept level, and the 4h CVD reads confirming_down with the day holding below VWAP $85,715 and D-Open $85,716.5. Missing component: a confirming trigger at a tradeable level in the permitted direction.