WickCheck / Trading school / New week and new day opening gap
New week and new day opening gapNWOG / NDOGAdvanced
The gap between Friday's close and Sunday's open (NWOG), or between one day's close and the next open (NDOG).
What it means
ICT treats these gaps as levels price often returns to. On markets that trade almost continuously the gaps are small but still marked.
How to spot it
- Friday close to the first Sunday open price.
Common mistakes
- Using broker data with a different weekly open time.
Related terms
Liquidity voidA long, one-directional run of candles with little trading on the way, often a c…Weekend gapThe jump between Friday's last price and the first price after the weekend.…EquilibriumThe 50% level of a dealing range, the line between premium and discount.…
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Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.