Passe — pas de trade

The gate fired on a 5m close above pwVAL $83,388 — but a 5m close is never a valid trigger on this book, and the last CLOSED 15m candle (05:45, C $83,336.7) closed BELOW pwVAL, so no named-timeframe trigger through the level has printed; the 06:00 15m candle is still FORMING. Corroboration is also mixed: 4h CVD is a bearish divergence and OI is short-covering (-0.24%) into the move, so the push into pwVAL from below looks like covering rather than new demand, while the day structure is a settled-down daily candle and price is only just back above VWAP/dVAH. No confirmed trigger plus conflicting flow = pass.