easy · Order Flow Analysis order-book-dom

A commercial end-user needs to buy 3000 contracts of Corn (ZC). They use an iceberg at 367.50 showing 40 lots at a time.

What will an order flow trader see in the footprint over several bars if the price holds 367.50?

  1. Anomalously high bid volume (e.g., 400+ per bar) at 367.50 despite small displayed size.
  2. A 'Single-Print' low indicating the institutional buyer has finished their order.
  3. A series of selling imbalances at 367.50 that fail to push the price lower.
  4. Remarkably low bid volume as the institution tries to hide its presence.

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