What pattern is a forming bottom

A forming bottom in stocks or cryptos refers to the process of identifying a potential reversal in an asset's price trend, where the asset is poised to transition from a downtrend to an uptrend. This is typically done by analyzing chart patterns, such as the rounding bottom, which is a bullish technical indicator that signals a potential buy signal. The rounding bottom pattern is characterized by a series of price movements that form the shape of an upside-down "U," indicating a reversal in long-term price movements[^1]. Other patterns, such as the double bottom and W bottoms and tops, can also be indicative of forming bottoms[^2][^3]. It's important to note that these patterns are used in conjunction with other technical indicators and analysis to confirm the pattern and identify potential entry points for buying assets.