The Ultimate Guide to Frypan Bottom Candlestick Patterns

Last updated: January 4, 2024

Frypan Bottom Pattern

The frypan bottom candlestick pattern is a series of candlesticks at price lows occurring in a concave pattern and ending with a gap up in stock price:

Chart

General Identification & Interpretation

Steve Nison is credited with bringing Japanese candlestick charting to the West. In his book "Japanese Candlestick Charting Techniques" he describes frypan bottom patterns with the following characteristics:

Typical characteristics

• A series of candles with a concave pattern, showing a gradual rise of new lows, followed by a stabilization of price and ultimately a gap up in price from a bottom

Other interpretations

• Similar to the Western rounded bottom pattern, except with the addition of the final gap up candle to conclude the pattern.

More for beginners

Check out our quick start guide to candlestick charting for more information if you are new to candlestick charting!