All still good in my understanding. I would assume the handle will take about 4 weeks.

After that 

The drop of the handle part should retrace about 30% to 50% of the rise at the end of the cup. For stock prices, the pattern may span from a few weeks to a few years; but commonly the cup lasts from 1 to 6 months, while the handle should only last for 1 to 4 weeks.

The target with the cup and handle pattern is the height of the cup added to the breakout point of the handle. Generally, these patterns are bullish signals extending an uptrend.

https://www.investopedia.com/terms/c/cupandhandle.asp#:~:text=A%20cup%20and%20handle%20is%20considered%20a%20bullish%20signal%20extending,first%20described%20by%20William%20J.