medium · Order Flow Analysis footprint-delta
A trader is looking for a long entry in ES. Price pulls back to the previous day's Value Area Low (VAL). The footprint shows 1800 contracts on the bid across three bars, but price only moves 4 ticks.
What is the correct interpretation?
- Initiative selling is breaking support
- Retail exhaustion at a low
- Unfinished business at the VAL
- Responsive buying via passive absorption
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