easy · Order Flow Analysis footprint-delta
A trader notes 'Unfinished Business' at a session high of 4,530.00 where bid volume was 50 but ask volume was 0 at 4,530.25.
How should the trader use this information when price returns to that level later in the session?
- Ignore the level entirely, since 'Unfinished Business' only ever applies to the prior day's session data.
- Wait for the footprint to show either clear acceptance (breakout) or rejection (reversal) at that price.
- Assume the level will act as permanent resistance going forward and enter a short position on the retest.
- Enter a market buy order immediately the instant price touches 4,530.00, without waiting for confirmation.
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