medium · Order Flow Analysis market-mechanics-execution
The E-mini S&P 500 (ES) opens at 4525.00. You observe a 5-minute footprint bar where the topmost price level has a bid volume of 25 contracts and an ask volume of 0 contracts at the next tick above.
What does this 'unfinished business' suggest for the session?
- Sellers have established a firm 'cap' and the high will likely hold.
- The auction at the high is incomplete and price will likely revisit the level.
- The market is currently in equilibrium and will likely just range-trade.
- The market has reached total volume exhaustion and an imminent price reversal is likely.
Sign up free to see the explanation and track your rank →
More Order Flow Analysis market-mechanics-execution practice
- What is the primary limitation of using VWAP as a standalone signal in the final hour of t
- On a 'Trend Day' where the price stays above VWAP for the entire session, what does the VW
- During the first 30 minutes of the trading session, you obse… — What causes this change in
- You see price consolidate in a very tight range for 20 minut… — What does this indicate?
- If there are only 200 contracts resting at $4510.25 and $310 at $4510.50, what is the new
- A trader has a winning percentage of 48% and an average winn… — What is the Expected Value
- What internal order flow mechanic is primarily responsible for the rapid acceleration of a
- A trader is using a 'Trade Quality Grading System.' They ent… — How should this trade be g