Passe — pas de trade

STATE shows 4 consecutive losses on this day book (last three L·L·L) — after three consecutive losses I must pass this tick regardless of setup. Beyond that risk gate, the read isn't clean anyway: the 18:15 15m candle merely closed marginally below dPOC/pdPOC in the middle of the developing value area, with flat 5m delta and no meaningful volume reaction — poor interaction, no committed trigger.