The "new week opening gap" explained... (ICT Concepts | Ep.3)

New Week Opening Gap (NWOG)

The video explains the New Week Opening Gap (NWOG), a price-action concept used in ICT-style trading. It defines the NWOG as the gap between the close of the last Friday 15-minute candle and the market’s Sunday open.

The presenter describes the gap as a level that price may be drawn toward or react to during the week. They recommend marking it on the chart from Sunday through Friday.

Suggested Process and Trading Use

• Use a 15-minute chart to identify the gap; the presenter attributes this timeframe convention to ICT.
• Mark the gap each week and extend the zone across the trading week.
• Use the NWOG as market context, rather than as a standalone signal:
  • Watch for price to revisit and react to the gap.
  • Consider a NWOG overlapping a Fair Value Gap (FVG) as confluence for a potential setup.
  • If price is near a NWOG above it, the presenter suggests it may be drawn toward that gap. In that scenario, a short setup at a nearby FVG may be less attractive; consider whether a long toward the NWOG better fits the proposed narrative.
  • The gap may also serve as a potential target.

The examples show price touching and reacting to NWOGs, sometimes multiple times. The presenter also notes that strong selling can break a level and that news can drive price through it. These are presented as trading concepts, not guaranteed outcomes.

Specifics

• Example dates shown: Friday, January 6, and Sunday, January 8; the year is not specified in the subtitles.
• The presenter says the concept can also be examined on 5-, 3-, and 1-minute charts for scalping.
• No specific tickers, asset classes, prices, yields, valuation metrics, or quantified performance results are provided.

Disclosures

No explicit financial-advice disclaimer appears in the subtitles.

Presenter and Sources

The presenter is unnamed in the subtitles. The video is from Cammy Capital, and the presenter attributes the 15-minute chart convention to ICT.