The Fry Pan Bottom candlestick pattern, also known as the "Saucier Bottom," is a bullish reversal pattern in technical analysis. It typically forms after a downtrend, signaling a potential shift in market sentiment from bearish to bullish. The pattern is characterized by a rounded bottom shape, resembling the bottom of a frying pan, hence its name.

The formation of a Fry Pan Bottom begins with a series of small-bodied candles indicating indecision and a gradual slowdown in the selling pressure. Over time, the price action starts to curve upwards, reflecting a shift in momentum as buyers begin to step in. The key features of this pattern include the prolonged and gradual downward movement, followed by a steady and rounded upward reversal.

The completion of the Fry Pan Bottom pattern is typically confirmed by a significant bullish candlestick that breaks above the resistance level formed during the downtrend. This breakout candle indicates strong buying interest and suggests that the previous downtrend has likely ended, and an upward trend is beginning.

Traders often use this pattern to identify potential entry points for long positions, aiming to capitalize on the anticipated upward movement. However, like all technical patterns, it is essential to use it in conjunction with other indicators and analysis techniques to increase the probability of successful trades.