Passe — pas de trade

STATE shows 4 consecutive losses on this book with the last three outcomes all losses — the risk rule mandates passing this tick regardless of setup after three consecutive losses. Beyond that, there is no valid trigger anyway: the gate fired on a 1m close above dVAH, but a 1m close is never a valid named trigger, and the most recent CLOSED 15m candle simply printed inside the developing VAH region on light volume with no clean reject/reclaim structure. Pass mandated.