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 because 'Unfinished Business' only applies to the previous day's 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 and enter a short position.
- Enter a market buy order immediately as price touches 4,530.00.
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