Passe — pas de trade

The gate fired on a 5m wick-and-close-back below pdVAH $77,552 — but a 5m close is never a valid trigger on this book, and the last CLOSED 15m candle (13:45 UTC, O $77,485.6 H $77,528.8 C $77,460.0) never even traded above pdVAH, so there is no 15m rejection or reclaim close at the level. Corroboration is also mixed: 4h CVD is confirming_up, price has just reclaimed the day open and is grinding higher off the 75,510 flush, so fading into pdVAH/pdEQ on a 5m wick alone would be fading momentum with only a bearish 5m delta divergence as evidence. No confirming 15-minute trigger = pass.