What is the purpose of a candlestick?

A candlestick is a device used to hold a candle in place. Candlesticks have a cup or a spike ("pricket") or both to keep the candle in place. Candlesticks are less frequently called "candleholders". Before the proliferation of electricity, candles were carried between rooms using a chamberstick, a short candlestick with a pan to catch dripping wax.

What are the different parts of a candlestick?

Candlesticks have a cup or a spike ("pricket") or both to keep the candle in place. Candlesticks are less frequently called "candleholders". Before the proliferation of electricity, candles were carried between rooms using a chamberstick, a short candlestick with a pan to catch dripping wax.

What do candlestick charts show?

Candlestick charts are used by traders to determine possible price movement based on past patterns. Candlesticks are useful when trading as they show four price points (open, close, high, and low) throughout the period of time the trader specifies. Many algorithms are based on the same price information shown in candlestick charts.