Passe — pas de trade

The gate fired on a 5-minute close back below pdVAH $77,182 — but a 5m close is never a valid trigger on this book, and the only recently CLOSED 15m candle (05:00 UTC) closed UP at $77,188.0, i.e. back ABOVE pdVAH/dPOC, not rejecting it; the 05:15 15m candle is still forming. So the required 15-minute confirming close is missing. Price is also pinned between VWAP $77,096, dPOC $77,184 and dVAH $77,285 — mid-value, a no-trade zone until a 15m close resolves it — and the day's structure (76,622 low reclaimed, chop) is not a clean trend either.