medium · Order Flow Analysis absorption-exhaustion-imbalance
In a 15-minute ES bar, the footprint shows 8 contracts traded on the ask at the high of 4518.00, while the price level immediately below (4517.75) shows 180 contracts on the ask. The bar closes at 4516.25.
How should a trader interpret the activity at 4518.00?
- Unfinished business
- Exhaustion rejection
- Price acceptance
- Institutional capping
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