Candlestick a short point on the seat of the candle, but a "pricket candlestick" refers to a very large point (onto which the candle is placed) with a small base. Candles and candlesticks are also used frequently in religious rituals and for spiritual means as both functional and symbolic lights. In Jewish homes, two candles are lit to mark the beginning of the Sabbath at sundown every Friday, hence, candlesticks are often on display. A seven-branched candelabrum, known as the Menorah, is the national symbol of the State of Israel, based on the candelabrum that was used in the Temple in
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