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ICT Core Content Month 04 — Fair Value Gaps
Teach Fair Value Gaps as an imbalance concept after liquidity and market structure.
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ICT Core Content Month 04 — Fair Value Gaps
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Notes
A Fair Value Gap is a range in price delivery where one side of market liquidity is offered.
On the timeframe being studied, the FVG appears as an open range in price.
On lower timeframes, the same area may appear as a Liquidity Void.
ICT explains that Fair Value Gaps, Liquidity Voids, Order Blocks, and Liquidity Pools can overlap.
The trader should understand how these concepts work together, not treat them as isolated ideas.
Price may later return to a Fair Value Gap to rebalance or fill in the inefficient delivery.
ICT connects this FVG lesson with trading inside a range. When price is range-bound, he looks for stops and Fair Value Gaps as objectives.
ICT does not simply say to mark the full big candle. He studies which part of the range has already had buy-side or sell-side delivery and which part remains inefficient.
For beginners, Liquidity Lab should teach simple three-candle FVG logic first, then later introduce advanced refinement.
Practice idea
FVG identification drill
Key rules
A Fair Value Gap is a range where one side of liquidity has been offered.
FVGs can appear as Liquidity Voids on lower timeframes.
FVGs should be studied on the timeframe where they appear.
Nearby candles can show which parts of the range have already been efficiently delivered.
Price may return to an FVG to fill or rebalance the gap.
FVGs can overlap with liquidity pools and stop runs.
In range-bound conditions, stops and FVGs can become useful objectives.
Lower timeframe gaps can refine higher timeframe FVG ideas.
Warnings
Do not treat Fair Value Gaps as isolated from liquidity.
Do not ignore lower timeframe Liquidity Voids inside a higher timeframe FVG.
Do not assume the whole large candle is automatically the exact FVG.
Do not forget that FVGs, Liquidity Pools, Liquidity Voids, and Order Blocks can overlap.
Do not ignore whether price has already taken buy-side or sell-side liquidity.
Do not separate FVG analysis from the current market profile, especially range-bound conditions.
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Continue to the next Learn lesson, practice the matching drill when one exists, then finish with Practice and Guided Replay.