Notes
- The New Day Opening Gap (NDOG) relates to the initial price gap between the previous day’s closing at 5 p.m. and the new day’s opening at 6 p.m.
- Just like with the New Week Opening Gap, the opening price that defines NDOG is not random.
- NDOG forms every trading day (Monday to Friday), except from Friday to Sunday (due to the New Week Opening Gap).
- It provides important support and resistance levels throughout the day.
- Not every day presents a noticeable gap. If the gap is minor (like a one-tick gap), it may not be as useful for trading analysis. Larger gaps are preferred as they show a clearer distinction in the price movement between closing and opening.
- Price often gravitates back to the NDOG, demonstrating its value as a recurring support or resistance point.
- NDOG should support or confirm other analysis points like Fair Value Gaps or Order Blocks rather than acting as a standalone tool.
- All NDOGs are valid until the end of the week, not just for that day.
- When a new week begins, we have to reset our focus to the first NDOG of that week.
ICT New Day Opening Gap
ICT New Day Opening Gap - Price sensitivity Over Week
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