Toronto Stock Exchange Candlestick
[BULLISH STRONG]: Franco-Nevada opened in the lower part of daily range at 20.2% & closed in the upper part of the trading range at 71.3%. This suggests the buyers were in control all day. Over the last 12 months there has been 37 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 22.2%.
[BEARISH]: Canadian Natural Gas Index ETF has formed a Black Marubozu candlestick. This means, GAS has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.