sayuri.thesis.detail.passed_heading

The HTF/intraday structure is clearly down today (4H made a fresh low at $58,985, CVD confirming_down, F&G Extreme Fear), so the bias is bearish. But price is currently bouncing OFF the day low / fresh flush, not pulling back in open space — a continuation short here would be fading into the just-flushed low and the developing day VAL ($58,985), which is forbidden. For a level-reaction, there is no valid trigger: the most relevant candidate is daily VWAP ($61,061) as resistance above, but price ($60,535) has only bounced toward it with no rejection close printed yet — it's a watch, not a trade. No confirming close at a tradeable level means there is no trigger.