IWM - could it be this simple?

If we look at thew broader view, the clarity is shocking. Could it be this simple? IWM completes the descending wedge (with minor peaks and valleys along the way, i.e. June 5th ECB, then BOJ next week, then FED, then other currency wars & rumors of wars, etc.) until it reaches again the pivot point of 107.24 ish, and then has to make a major moment there.