Key takeaways
2022 ICT Mentorship Episode 34, uploaded May 24, 2022, reviews an ES session using the Sunday opening gap, liquidity, fair value gaps, order blocks, SMT divergence, and intraday dealing ranges.
Read the full summary
2022 ICT Mentorship Episode 34, uploaded May 24, 2022, reviews an ES session using the Sunday opening gap, liquidity, fair value gaps, order blocks, SMT divergence, and intraday dealing ranges. ICT extends the Sunday gap across the trading week, treating price above it as potential support and price below it as potential resistance while considering nearby swing highs and relative equal highs as buy-side liquidity, although some weeks never return to the gap. The reviewed FOMC week appeared choppy and range-bound, with a sloppy morning and a clearer afternoon sequence near the Sunday gap and ICT’s upside objective. On a five-minute chart, two candles were identified by the transcript at 3926.75 as precise delivery into a fair value gap, but the unavailable charts prevent verification. For a bullish dealing range, measure an impulsive upswing from low to high and treat a retracement to or below 50% as discount, potentially with fair value gap confluence. For a bearish setup, measure the impulsive downswing in the intended direction rather than choosing an arbitrary range whose midpoint labels price premium or discount. ICT presents the mentorship as education rather than a signal service, provides no independently verified entries, fills, risk parameters, or results, and emphasizes that Sunday gaps and 50% equilibrium levels require directional and liquidity context rather than acting as standalone signals.
How we researched this article
BestProps used document-based research from primary firm sources, checked September 19, 2026. The complete source list, scope, limitations, and commercial-state record appear near the end of this article.
In 2022 ICT Mentorship Episode 34, uploaded May 24, 2022, ICT reviews an ES session and explains how he interpreted its opening gap, liquidity, fair value gaps, order blocks, and intraday dealing ranges. The lesson combines a session recap with a clarification about selecting the correct price swing when using a 50% equilibrium level.
This is an educational summary of ICT’s own market framework, not independent evidence that the concepts provide a trading edge. Because the transcript was generated by automatic speech recognition and the charts are not available for verification here, chart-specific details should be checked against the original video.
2022 ICT Mentorship ES Session Review
ICT begins by discussing the ES opening price and an older high that had attracted his attention. He says the market had opened with a gap, drifted lower, and produced what he calls an SMT divergence before breaking below relative equal highs. He then traces price through sell-side liquidity, the Sunday opening gap, fair value gaps, and order blocks (0:13).
As he changes to a five-minute chart, ICT highlights two candles that the transcript identifies at the same value, 3926.75. He presents this as an example of precise price delivery into a fair value gap (2:50). That observation depends on the chart shown in the recording; the transcript alone cannot confirm the candle values or their placement.
ICT also stresses that the morning appeared “sloppy” to him, even though it contained movements consistent with his framework. By sloppy, he means that the session offered fewer clear entry mechanics and did not provide the cleaner directional structure he preferred. He contrasts this with the afternoon, which he believed produced a more useful sequence around the Sunday gap and his stated upside objective (7:21).
ICT Sunday Gap Levels
The central lesson is to extend the Sunday opening gap horizontally across the trading week. In ICT’s interpretation, price may repeatedly react around that level during a consolidating week:
- When price is above the gap level, he looks for it to behave as support.
- When price is below the level, he looks for it to behave as resistance.
- He combines the level with nearby swing highs or relative equal highs, which he classifies as potential buy-side liquidity.
ICT explains this idea directly at 9:45. He also cautions that some weeks move away from the Sunday gap and do not return. For the session under review, he associates the repeated interaction with choppy, range-bound market conditions around an FOMC week. This is ICT’s retrospective interpretation rather than a universal rule established by the video.
From a broader educational perspective, the useful distinction is between a fixed reference level and the context surrounding it. The lesson does not suggest that every touch should be acted upon. ICT instead evaluates whether price approaches the level from above or below, whether nearby liquidity is present, and whether the lower-timeframe movement fits his preferred setup.
Why ICT Mentorship Is Not a Signal Service
During the review, ICT says he does not intend to operate a trade-signal room. He describes the live sessions as demonstrations intended to help viewers study how he reads the market, rather than instructions requiring viewers to depend on him for entries (4:05).
He returns to this point on the lower-timeframe review, telling viewers to examine the recording and decide for themselves how the ideas performed. He argues that relying on recurring live calls could create dependency and emphasizes that errors and failed observations are part of learning (11:45).
ICT Dealing Range Selection
The final technical section clarifies how ICT chooses a price leg for a 50% measurement. His main point is that the measured swing should align with the anticipated direction rather than being selected from an unrelated high and low.
Bullish ICT Dealing Range Setup
When anticipating higher prices, ICT says to identify an impulsive upswing and anchor the measurement from its low to its high. A later retracement to or below the swing’s 50% level is what he calls a discount. In his framework, confluence with a fair value gap can make that retracement more relevant for study (16:09).
Bearish ICT Dealing Range Setup
He says the logic should be reversed when studying a short: use the impulsive downswing that moves in the intended bearish direction. His warning is not to measure an arbitrary prior range merely because its midpoint labels the current price as premium or discount.
At 17:11, ICT summarizes this as measuring an expansion or impulsive swing in the direction being considered, then evaluating the retracement relative to 50% and any fair value gap. The transcript records him saying traders can “probe” such an area, but it does not provide independently verified entries, fills, risk parameters, or subsequent results.
ICT Mentorship Episode 34 Takeaways
Episode 34 links two related ideas: maintaining the Sunday opening gap as a weekly reference and measuring the impulsive leg that supports the directional thesis. ICT’s analysis treats levels as contextual tools rather than standalone signals. Viewers can use the original recording to study how he labels the chart, while recognizing that the transcript cannot validate unseen price data or demonstrate profitability.
