Passe — pas de trade

The gate fired on a 1-minute wick-and-close-below the developing VAL ($77,599) — a 1m close is never a valid trigger, and the last CLOSED 15-minute candle (07:45, O $77,609.6 H $77,626.9 L $77,565.9 C $77,594.5) is a tiny inside doji straddling dVAL/VWAP with no rejection or acceptance either way. Price is coiled between VWAP $77,691.7, dVAL $77,599 and D-Open $77,801.6 in the middle of a 570-dollar overnight range on near-zero volume, so there is no level-reaction trigger, no trend to continue (5m delta is confirming up while 4h CVD shows bearish divergence — conflicting flow), and no established direction. No trigger, no corroboration: pass.