medium · Order Flow Analysis footprint-delta
A VWAP calculation for ES at mid-day shows price at 4507.00, which is exactly at the -2σ band (VWAP is 4515.00). A 5-minute bar shows a COT at the low, positive delta of +850, and a bullish close.
What is the priority of this trade setup?
- Low priority; the market is currently viewed as being in a downtrend, since price sits below VWAP.
- High priority for a short; the -2σ level often acts as a breakout trigger for accelerated further selling.
- Medium priority; wait for price to retest the VWAP mid-line near 4515.00 before entering a new position here.
- High priority; price is statistically cheap and the footprint confirms aggressive buyers are entering.
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