medium · Order Flow Analysis footprint-delta
The ES reaches a new session high at $4525.00. The footprint bar at this high shows a delta of -1800.
Which concept best describes this situation, and what is the typical trade implication?
- Bearish delta divergence; look for a short entry.
- Initiative buying; look for a long continuation.
- Unfinished business; the market must return to $4525.00 immediately.
- Absorption breakout; look for a retest of the high.
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