sayuri.thesis.detail.passed_heading

No confirming trigger has printed at a tradeable level. Price is drifting lower at $59,611 just under the developing day VAL ($59,711) and below daily VWAP ($59,806) — but it sits in open space between the day VAL and day low ($59,574) on very thin overnight volume, not at a defined, stop-rich level. The 5m/15m closes are small down candles with no with-trend impulse and no reclaim of any swept level, while CVD is confirming_down — so a long here would fade into the day low with no SFP/reclaim close, and a continuation short into a freshly approaching day low / weekly POC support is a forbidden fade-into-support with no clean in-between pullback. No trigger + ambiguous location = pass.