$VTI Cup W/ Handle Formation?

VTI – Vanguard Total Stock Market ETF looks to be forming a Cup with Handle on the Weekly Chart.
I have an alert set for a cross over the top if the handle trendline. If the market firms up and this triggers, I will use a lower timeframe to look for a good RR entry and stop loss.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.