The small body represents a relatively tight range between the open and close for the period. In a trading range environment, spinning tops are neutral, but they may become important parts of other chart patterns. Doji Lines . These illustrate periods where the opening and closing prices for the period are the same. The length of the shadows can vary.
Doji lines are important in a variety of patterns.
Just like with Western analysis, candlesticks can forecast changes in market direction. Some have only one candle, usually with a specific shape. Others have two or more candles combining simple candles with more exotic shapes. The simplest reversal pattern is the Umbrella candlestick. The color of the real body is not important.