Module 4 · Data, Limits & Exam
Final Exam
Mixed questions across the whole course. Aim for SHARP (≥90%).
In this lesson you'll
- Synthesize heatmap concepts end to end
- Read liquidity behavior under exam conditions
- Confirm you're ready to study live order books
No new material — this exam mixes everything: walls, persistent vs pulled, icebergs, absorption vs exhaustion, spoofing, sweeps, CVD and data limits. Your score saves automatically.
Final exam
Answer all questions. Each is graded instantly with an explanation.
Why that's off: Executed trades are dots/footprint, not the heatmap color.
Why that's off: Candles are price; the heatmap is liquidity.
Why that's off: Open interest is an options concept.
Color = size of resting limit orders at each price and moment, painted over time. Executed trades are the volume dots / footprint.
Why that's off: Absorption requires the wall to be hit and hold.
Why that's off: An iceberg trades heavily and refills.
Why that's off: A breakout consumes liquidity; this evaporated untouched.
Liquidity withdrawn untouched (no trades) is a pull / likely spoof — it was never real support/resistance and often precedes a move through that price.
Why that's off: Exhaustion shows shrinking volume, not heavy volume.
Why that's off: A spoof is pulled untouched; this is traded into.
Why that's off: A sweep moves through a void; here the wall holds.
High aggressive volume into a holding wall with no price drop = absorption. CVD divergence (selling without price falling) strengthens the reversal-up read.
Why that's off: Icebergs hide size; the visible part is small.
Why that's off: Shrinking dots = exhaustion.
Why that's off: A vanishing wall = a pull/spoof.
Icebergs hide size and refill, so far more trades execute than the visible size suggests, and the level won't break.
Why that's off: Consuming liquidity is a real breakout.
Why that's off: The reversal is the whole point of a sweep.
Why that's off: Sweeps show sparse, not heavy, participation through the void.
A sweep punches through a thin void (liquidity withdrawn first) on little real participation, grabs stops, and snaps back — versus a real breakout that consumes liquidity.
Why that's off: Daily bars show no order book.
Why that's off: The close says nothing about depth.
Why that's off: Data quality is foundational here.
Seeing the whole book needs Level 2; detecting hidden refills needs order-level MBO data. Aggregated or top-of-book feeds can't do it reliably.
Why that's off: The biggest wall can be the biggest spoof.
Why that's off: Blindly fading ignores absorption, pulls and context.
Why that's off: Data quality directly determines what you can trust.
Resting size can be spoofed, so confirm with what actually trades (dots/CVD) at a level that matters (volume profile), and treat liquidity as probabilistic intent — never a guarantee.
Educational content only. Nothing here is financial or trading advice. Order-flow and options patterns shift probabilities; they never guarantee outcomes.