Passe — pas de trade

The gate fired on a 5-minute wick-and-close-back below the D-Open/W-Open at $77,685.3, but no 15-minute candle has confirmed anything: the last CLOSED 15m (09:45) closed up at $77,505.2 well below the level, and the current 15m is still FORMING — a 5m close is never the named trigger. Price is also mid-structure between dVAH/dPOC below and the day high $77,754.9 above, with signals in conflict (4h CVD confirming up and OI in a healthy uptrend against CCV short bias and a 5m bearish delta divergence). No confirming 15m close, so this is a watch, not a trade.