medium · Order Flow Analysis footprint-delta
A trader is monitoring Crude Oil (CL) near a previous support level of $72.50. The footprint shows 2,800 contracts trading at the bid at $72.50, while only 50 contracts trade at the offer at that same level. Despite this heavy selling, price does not trade below $72.50 and the bar eventually closes at $72.75.
What dynamic is occurring?
- A bearish breakout is imminent.
- Institutional distribution.
- Aggressive seller exhaustion.
- Passive institutional buying (Absorption).
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