New Week Opening Gap

What is a New Week Opening Gap?

A new week opening gap (NWOG) is the span between Friday's closing price and the new week's opening price: for markets that trade essentially around the clock during the week, like index futures and forex, the end of Friday's session against the Sunday-evening reopen. Whatever repricing happened over the weekend happened without trading in that market, so ICT treats the span, however small, as untraded territory: a standing reference zone in the opening gap family rather than a one-time event to be filled and forgotten.

The working convention in ICT teaching is to keep several recent NWOGs on the chart (commonly the last five) because price is held to react at them long after the week they printed. Each gap's high, low, and midpoint are marked. Treat the 'price returns to these' claim as a tendency to plan around, not a rule: some gaps are revisited within hours, some weeks later, and some not at all.

How traders use it

• As resting support and resistance: when price trades into a recent NWOG, the reaction at its edges and at its midpoint (its consequent encroachment) is watched for rejection or acceptance.
• For weekly bias framing: opening and holding above a fresh NWOG reads supportive; acceptance back inside or below it argues the weekend repricing is being unwound.
• In clusters: where several retained NWOGs overlap, the shared zone is treated as a stronger draw than any single gap, and the daily counterpart, the new day opening gap, is stacked into the same picture.