Tweezer Top Candlestick Pattern: The Candles at Netflix's 2025 Record High and Strategy's July 2025 Top

Netflix set its record high on June 30, 2025. The next day it completed a tweezer top, two highs 24 cents apart. Sold at that close with a stop above its high, the trade risked 3.7%. By December 10 the stock was down 28.3%, and on Nov 3, 2026 it closed 51.0% below the pattern's close.

On July 17, 2025, Strategy (formerly MicroStrategy) printed one. The risk was 1.3%. By December 31 the stock was down 66.3%.

Neither high has been retaken since. Here is how to read a tweezer top, where the stop goes, and how to find the next one.

What the fall cost#

A tweezer top is a sell signal for holders and an entry for short sellers.

Prices are split-adjusted, as on the chart. Netflix has since split 10 for 1 (split-adjusted trading began on Nov 17, 2025), so its record of about $1,341 shows as 134.12.

The tweezer top in one table#

A tweezer top is two daily candles: a green day, then a red day that stops at the same high and closes lower. Buyers pushed the price up on the first day. On the second they tried again, stopped at the same price, and sellers took the close. It is the tweezer bottom turned upside down, at a top instead of a bottom.

These are the rules the VCP Scanner terminal uses to name a tweezer top on a daily chart.

Only the highs are ruled. The bodies can be any size, so the same two days can carry another name too: a bearish engulfing when the red body covers a smaller green one, or a bearish harami when it sits inside a long one. Netflix's pair was a tweezer top and nothing else. Strategy's second day was a doji.

Close enough is relative. Netflix's highs were 24 cents apart on a $134 stock. Strategy's were 1.22 apart on a $457 stock, still inside a tenth of its ATR.

The position rule matters most. A tweezer top comes after a rally. After a decline, the mirror image (a red day, then a green day with the same low) is a tweezer bottom.

Tweezer top and its look-alikes#

The engulfing, the dark cloud cover and the harami are named by their bodies. Any of them whose two highs match is a tweezer top as well.

Example 1: Netflix (NFLX) at its 2025 record high, Jul 1, 2025#

Open NFLX in the VCP Scanner terminal →

What followed:

• Next session (Jul 2): closed at 128.49, −0.7%.
• Jul 3: its high of 130.23 is the highest Netflix has traded since.
• Four sessions later (Jul 8): 127.53, the first close below the pattern's low of 128.22.
• Aug 5: 114.79, −11.3%.
• Dec 10: 92.71, −28.3%, its lowest close since Apr 11, 2025. That is 7.7 times the 4.76 risked on each share.
• The high of 134.12 has never been retaken. On Nov 3, 2026 Netflix closed at 63.42, 51.0% below the tweezer's close.

About a quarter of the fall to Dec 10 was one gap: Netflix opened 7.9% lower on Oct 22, 2025, the session after its Oct 21 earnings report.

With $500 at risk, the stop sized a short at 105 shares, about $13,583. At the Dec 10, 2025 close the short was up $3,848.

Example 2: Strategy (MSTR) at its July 2025 top, Jul 17, 2025#

Open MSTR in the VCP Scanner terminal →

What followed:

• Next session (Jul 18): closed at 423.22, −6.2% and already below the pattern's low of 445.56. Its high that day, 454.33, is the highest Strategy has traded since.
• Ten sessions later (Jul 31): 401.86, −11.0%.
• Sep 25: 300.70, −33.4%.
• Dec 31: 151.95, −66.3%, its lowest close since Sep 25, 2024. That is 50.9 times the 5.88 risked on each share.
• The high of 457.22 has never been retaken. On Nov 3, 2026 Strategy closed at 135.63, 69.9% below the tweezer's close.

The fall came without a big gap. Its two gaps of 5% or more down, on Nov 7 and Dec 1, 2025, were less than a tenth of it.

Strategy's low came on Jun 26, 2026, when it printed the inverted hammer that marked it, at 81.81, 82.1% below this tweezer top's high.

A 1.3% stop makes a big position: with $500 at risk, the stop sized a short at 85 shares, about $38,364. At the Dec 31, 2025 close the short was up $25,448.

Where a tweezer top counts: key levels#

A tweezer top on a level is a test of that level from below. In the terminal, the Only at a key level switch is on by default and keeps the tweezer tops that close back below one of these:

Netflix's set a record with no earlier high to poke, and Strategy's came at no level either. To see tweezer tops like these, turn Only at a key level off.

Both stocks were in Stage 2, Stan Weinstein's advancing stage: the stock trades above a rising 30-week average. A tweezer top in Stage 2 marks a top inside an uptrend, a place to take profits or tighten a stop as much as a place to short.

How to trade a tweezer top#

1. Find the high. A tweezer top comes after a rally. Look for it at a prior high, a failed breakout's pivot, a falling average or a fresh record, like Netflix's in June 2025.
2. Check the highs. A green day, then a red day that stops at the same price. Netflix's highs were 24 cents apart and Strategy's 1.22. The terminal allows a tenth of the 14-day ATR.
3. Choose your entry. Holders sell or tighten their stop at day 2's close, and some short sellers enter there. Others wait for a close below the pattern's low. Strategy gave that close the next session and Netflix four sessions later.
4. Put the stop above the high. Above the higher of the two highs (day 1's in both examples), or above the highest high of the test if price went higher earlier in it. The terminal calls this "the high, test included".
5. Size from the stop. Shares = money at risk ÷ (stop − entry). With $500 at risk on Strategy: 500 ÷ (457.22 − 451.34) = 85 shares.

Find tweezer tops on any chart in VCP Scanner#

• Open a stock in the terminal, for example NFLX or MSTR.
• Open Candles in the chart toolbar and tick Tweezer top, or use the Reversals quick pick for every classic reversal candle.
• Only at a key level is on by default. Turn it off to see every tweezer top on the chart.
• The chart jumps to the latest tweezer top. A dot marks each one above its high, and the selected one shows its stop on the price scale.
• The inspector lists the close, stop, risk to stop, level, volume and stage. Walk through the others with the ← and → keys.
• Mark the ones you care about with the drawing tools. The arrows in the charts above are the Arrow Marker (Alt+A): click where the arrow starts, then click the candle.

Candles are free, on daily, weekly and monthly charts.

Bottom line#

• A tweezer top is a green day and a red day that stop at the same high: buyers tried the price twice and could not get past it.
• Netflix's marked its June 2025 record high and Strategy's its July 2025 top. They risked 3.7% and 1.3%, and the stocks fell 28.3% and 66.3% within 120 sessions.
• The pattern's high is the stop. It defines your risk before you take the trade.

Data: VCPScanner daily market data through Nov 3, 2026, split-adjusted. The examples are for education, not recommendations.