$NRW gap to Fill, bullish, Head and Shoulder breaks necklineNRW HOLDINGS LIMITEDASX_DLY:NWHBipolar_trader🔍 Current Technical Setup Price: $2.92 AUD Trend: Recent bullish reversal from lows near $2.00 Volume: Increasing volume on the uptrend — a bullish sign of accumulation. Moving Averages: Short-Term EMA (10): $2.82 — price is above = bullish. EMA (50): $2.61 — price is also above = uptrend intact. SMA (200): $3.25 — price below = long-term resistance remains. 🧠 Key Chart Patterns & Levels Structure: Cup & Handle / Inverted Head and Shoulders-like bottom formation from the April–June base. Breakout Zone: Just broke through minor resistance around $2.90 with strong volume. Gap Fill Zone: Between $3.10–$3.30 (highlighted grey box). This is a key target area where price previously sold off — likely to act as resistance. Major Resistance: The 200-day SMA at $3.25 aligns with the upper edge of the gap zone = high confluence resistance. 📈 Bullish Scenario (High Probability ~60–70%) Price continues to rally on strong volume to test the gap resistance zone. Target: $3.10 to $3.30 in the short term (5–15% upside). A daily close above $3.30 would confirm a structural breakout toward previous highs near $3.80–$4.00 (medium-term target). 📉 Bearish Scenario (~30–40% Probability) Price rejects off $2.90–$3.00 and retests support at the 50 EMA (~$2.60). If it loses the $2.50 level again, the structure weakens and re-tests lows near $2.10–$2.20 become possible. 🎯 Trading Strategy & Risk Entry zone (momentum): $2.85–$2.95 (already underway). Short-term Target: $3.10–$3.30 Medium-term Target: $3.80 Stop loss: Below $2.70 (just under the 50 EMA and recent swing low). Risk:Reward: About 1:2 or better toward the gap fill. 🧠 Summary NRW (NWH) is showing a strong bullish reversal from a major base with increasing volume. The short-term structure supports a gap fill to $3.10–$3.30, with a medium-term potential back to $3.80 if it breaks the 200 SMA cleanly. However, resistance is expected near that region and caution is warranted around $3.25. Would you like a trade plan or probability table next?