Passe — pas de trade

The gate fired on a 5m wick-and-reclaim of pwVAL $77,782, but the named trigger must be a 15-minute close: the last CLOSED 15m candle (10:00 UTC) closed DOWN at $77,831.3 with its low $77,731.4 still poking beneath pwVAL — that is not a reclaim close, it is a down candle sitting on the level, and the 10:15 candle is still forming. Corroboration is also absent: CVD is confirming_down, 5m delta is flat (no buy response into the sweep), volume into the level is thin, and price is below daily VWAP $78,358.8 and the day open $78,511.5 after a sharp 08:00–08:15 impulse lower — a poor reaction, not a trapped-shorts reversal. No trigger and no corroboration, so this is a watch, not a trade.