medium · Order Flow Analysis footprint-delta
During an uptrend, three successive footprint bars print rising prices but a sequence of cumulative-delta values of +900, +350, +90 — each new price high accompanied by a smaller delta than the prior high. The bid/ask spread has not widened.
Which conclusion is most defensible?
- Diminishing buy-side aggression is required to lift price to each new high, a delta/price divergence warning that initiative buying is waning even as price holds
- Falling delta with rising price on its own means sellers have now become the aggressors, so the trend has already reversed and shorts are favored right now
- The smaller deltas simply mean order-book liquidity has thinned out considerably at each level, so each new high is actually more reliable and the uptrend keeps accelerating
- Cumulative delta must always climb in strict lockstep with rising price throughout any healthy trend structure, so this dataset is corrupted and must be discarded
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