Common Candlestick Terminology The following is a list of some individual candlestick terms. It is important to realize that many formations occur within the context of prior candlesticks. What follows is merely a definition of terms, not formations. The Black Candlestick -- when the close is lower than the open. The White Candlestick -- when the close is higher than the open. The Shaven Head -- a candlestick with no upper shadow. The Shaven Bottom -- a candlestick with no lower shadow. Spinning Tops -- candlesticks with small real bodies, and when appearing within a sideways choppy market, they represent equilibrium between the bulls and the bears. They can be either white or black. Doji Lines -- have no real body, but instead have a horizontal line. This represents when the Open and Close are the same or very close. The length of the shadow can vary. Top