The handle of a cup/handle normally forms what appears as a downward pointing pennant, existing within a crude half circle or elipse, which this does. It will normally only retrace to one third of the original upmove, which it has, so far (hence my 33.33 fib line) (although it can go to 50%). Breakout would be at the break of the pennant's upper trendline. Target is the depth of the handle added to the break out point.
Apologies for the crude picture.
Apologies for the crude picture.