medium · Order Flow Analysis footprint-delta

A footprint bar shows 2,800 contracts in the ask volume column at the high of 4525.00, while the bid volume at that level is only 50. The bar closes at 4523.50.

What does this 'COT-at-high' signature suggest?

  1. Aggressive buyers successfully cleared the offer and initiated a breakout
  2. A retail stop-run occurred with no institutional involvement
  3. The market is in an equilibrium state with no trapped participants
  4. Massive passive sellers absorbed aggressive buying, trapping the buyers

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