medium · Order Flow Analysis footprint-delta
On a daily ZC chart, the low of the day is 358.00. The footprint at 358.00 shows Bid Volume of 3200 and Ask Volume of 4100. The bar closes at 362.00.
What multi-day insight does this provide?
- Institutions consider 358.00 cheap and are absorbing supply.
- The market is in a downtrend based on today's low
- Retail traders are panic-selling into the low, exhausting themselves
- Sellers are firmly in control of the tape, because bid volume ran so high
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
- If both bars have a volume of 5000 contracts, what does the 4-tick bar suggest?
- What is the primary advantage of using the range-based chart in this scenario?
- Why is it recommended to ignore the Δ of a bar that is pulling back to a long entry zone?
- A trader is looking for a short entry. They see a red candle… — What does this 'Wick-Body'
- A trader sees the price of Crude Oil (CL) drop to $72.50, wh… — How should this be interpr
- In the Euro FX ($6E), you see 944 contracts bought aggressiv… — What does this suggest abo
- A footprint bar's high shows bid volume at $4530.00 but zero ask volume at $4530.25. This