Passe — pas de trade

The gate fired on a 5m wick-and-close-below the developing POC ($77,605.5), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (17:00 UTC, O $77,442.6 H $77,667.7 L $77,411.5 C $77,515.8) closed UP and is simply chopping around the dPOC, not rejecting it. Price is also sitting mid-range between dVAL $75,625 / VWAP $76,430 below and dVAH $79,520 above — the POC is fair value, the exact location the method says not to open new positions in, and the tape is balanced (flat 5m delta, short-covering OI) rather than trending. No 15m trigger, poor reaction quality at the level: pass.