medium · Order Flow Analysis tape-reading-time-sales
An E-mini S&P 500 (ES) trader sees a bar make a new session high, but the footprint shows a 'Large Print' of 2,500 contracts at the ask on that high, followed by a lower close.
What does this suggest?
- Retail traders are aggressively shorting the new session high.
- A passive seller has 'capped' the market by absorbing aggressive buying.
- The market is experiencing a 'Single-Print' exhaustion signal.
- The trend is strong and likely to continue higher due to high volume.
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