easy · Order Flow Analysis footprint-delta
A trader sees the price of Crude Oil (CL) drop to $72.50, which is below the session VWAP of $73.10. A footprint bar at this low shows a positive bar delta of +800 and a 'bullish close.'
How should this be interpreted?
- A high-priority buy signal because the price is statistically cheap and the footprint confirms aggressive buyer entry.
- A 'trap' for buyers because VWAP will act as resistance and prevent further upside.
- A weak signal because a truly strong market would be trading above the VWAP.
- A signal to wait for the price to cross above VWAP before entering a long position.
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