medium · Order Flow Analysis absorption-exhaustion-imbalance

At the low of a 15-minute ZN (10-Year Treasury) bar, the bid volume is $15 and the adjacent level total volume is $520. The ratio R_extreme = 520 / 17 ≈ 30.6.

What is the setup and entry trigger?

  1. Stacked selling imbalance confirmed; enter short on any retracement back toward the 520 level.
  2. Bearish divergence signal; enter short since aggressive sellers pushed price down to a fresh session low.
  3. Iceberg absorption pattern; enter long right at the 520 level with a stop placed 5 ticks away.
  4. Single-print exhaustion; enter long when the bar closes higher with a stop 1 tick below the low.

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