medium · Order Flow Analysis footprint-delta

Which of the following describes 'Initiative Activity'?

  1. Simply closing out an existing position once it reaches a small, predefined profit target.
  2. Passively buying at the Value Area Low on the belief that price looks cheap there.
  3. Placing one small passive limit order at the market and then patiently waiting to be filled.
  4. Institutional buying that drives price away from a established value area into new territory.

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