medium · Order Flow Analysis footprint-delta
An ES bar's high is $4530.00. At this price, the footprint shows 25 contracts on the bid and 0 contracts on the ask at $4530.25 (the tick above).
How should a trader interpret this level in future sessions?
- It is an 'unfinished business' level that the market has a $70--80% probability of revisiting to complete the auction.
- It is a retail stop-run level that should be ignored as it contains no institutional significance.
- It represents a 'cap' where an institutional seller blocked the market, making it a permanent resistance level.
- It is a 'single-print' exhaustion level that is unlikely to be touched again for at least 3 sessions.
Sign up free to see the explanation and track your rank →
More Order Flow Analysis footprint-delta practice
- An E-mini S&P 500 footprint bar shows a price level at $4510… — Using a 300% threshold, wh
- What is the primary advantage of using the range-based chart in this scenario?
- A trader is looking for a short entry. They see a red candle… — What does this 'Wick-Body'
- If both bars have a volume of 5000 contracts, what does the 4-tick bar suggest?
- Why is it recommended to ignore the Δ of a bar that is pulling back to a long entry zone?
- In the Euro FX ($6E), you see 944 contracts bought aggressiv… — What does this suggest abo
- A trader sees the price of Crude Oil (CL) drop to $72.50, wh… — How should this be interpr
- What does a 'Narrow' VWAP standard deviation band width suggest about the current market e