Prior uptrend of at least 30%
Base Depth: 15%-30%
Base length: At least 7 weeks
Handle: Volume in handle should be light — depth of the handle should be 10%-12%, should form in upper half of base. Peak of handle should be within 15% of old high on left side of cup. The handle should form in the upper half of the base.
Ideal Buy Point: 5% above the peak in the handle
Volume on day of breakout: At least 40%-50% above average