Candlestick Jerusalem in ancient times. Another special candelabrum found in many Jewish homes is the Hanukiah, the Hanukkah menorah that holds eight candles, plus an extra one for lighting the others. Tall candlesticks and altar lamps are often found in Christian churches as well, while a special set of two- and three-branched candelabra called the dikirion and trikirion is used by Eastern Catholic and Eastern Orthodox bishops to bless people at worship services. Candlestick A candlestick, chamberstick, or candelabrum (plural: candelabra) is a device used to hold a candle in place. The name "candlestick" derives from the purpose of the device
Candlestick pattern Candlestick pattern In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern. There are 42 recognised patterns that can be split into simple and complex patterns. Some of the earliest technical trading analysis was used to track prices of rice in the 18th century. Much of the credit for candlestick charting goes to Munehisa Homma (1724–1803), a rice merchant from