medium · Order Flow Analysis footprint-delta

A Corn (ZC) footprint bar shows bid volume of $25 at $370.00 and ask volume of $0 at $370.25. In the next bar, the price probes $370.25 with 400 ask volume and continues higher.

What occurred?

  1. An 'Unfinished Auction' was completed with 'Acceptance'.
  2. A 'Single Print' low was retested unsuccessfully.
  3. A 'Trapped Buyer' pattern at $370.00 was invalidated.
  4. Institutional TWAP execution hit a liquidity pocket.

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