hard · Order Flow Analysis
A 5-minute ES bar makes a new session high at $4528.00. The footprint reveals 890 contracts traded at the offer at $4528.00, yet the high remains $4528.00 and the bar closes at $4526.50. In the same bar, selling imbalances appear at $4527.50 and $4527.25.
How should a trader interpret this retest of the high?
- Retail exhaustion
- Bearish cap and reversal
- Neutral consolidation
- Initiative buying breakout
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