Passe — pas de trade

The gate fired on a 5m wick-and-reclaim of the developing POC ($76,699.5), but a 5m close is never a valid trigger on this book — the last CLOSED 15m candle (13:00 UTC, C $76,666.7) closed BELOW the dPOC, so there is no confirming 15m close through or rejection at the level. On top of that, the STATE block shows dev_poc was already attempted within the last 30 minutes, so I would demand a fresh 15m trigger regardless. Structure is also unhelpful: price is chopping at the dPOC/mid-range between dVAL $76,178 and VWAP $76,893 — the middle of value, the no-trade zone — with a bearish daily/4H trend but a bullish CVD divergence and confirming-up 5m delta pulling the other way.