Showing this 5-min. chart from QQQQ that can be applied in the e-mini futures market NQ.
The market was down from the previous trading day and when it opened the next day, it formed a base below the pivot indicating it has already retraced and ready to pop up.
As can be seen, it bounces from the pivot and remain idle for a couple of hours until it offers an opening for an idealized trade at around 1:00 pm.
Taking a few cents and having a patience in waiting for an opportunity pays off.
This observation can be applied in trading the e-mini futures market.
