medium · Order Flow Analysis footprint-delta

Which of the following describes 'Responsive Activity' in the context of a market opening above yesterday's Value Area High (VAH)?

  1. Market makers pull their bids, causing a rapid decline on very thin volume.
  2. The market stays balanced right at the new high with near-zero delta.
  3. Buyers enter aggressively and push price further away from yesterday's established value.
  4. Sellers enter at the high prices and drive the price back into yesterday's Value Area.

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