easy · Order Flow Analysis footprint-delta

How does the 'air pocket' effect manifest in the footprint chart during a sharp market selloff?

  1. Price reaches equilibrium and oscillates around the POC.
  2. Large ask volume prints appear at every price level as price drops.
  3. The cumulative delta becomes flat as buyers and sellers are both absent.
  4. Price drops through multiple levels with near-zero bid volume.

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