medium · Order Flow Analysis footprint-delta
A 10-minute ES bar shows the COT (Commitment of Traders/POC) at $4521.25 with $1,200 total contracts. The bar opened at $4520.75 and closed at $4521.75.
What is the sentiment of this bar?
- Bearish, because the COT sits near the middle of the range, indicating a failed attempt to reach the high.
- A 'cap' signal, because the heavy volume at the COT prevented the bar from ever reaching $4522.00.
- Neutral, since 1,200 contracts falls within the standard retail range for a 10-minute bar.
- Bullish, because the COT is located below the close, suggesting heavy engagement propelled the price higher.
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