How To Read Channels

.... so far.... the globex high is at mini channel wall.....

 

..... could not make it past that wall....

 

hrly

 

elo,looks like double supp at the blue line around 772

 

...below large channel now....

 

.... here is a good example of a swing sized ALT ....
.... the purple rectangle is the size of the correction
..... the biggest correction in the down swing equals the biggest correction in the previous up swing

Quote from Mup:
Are you using ALts with in the channels elo, ?
Like that short centerline failure...... example yesterday
http://www.elitetrader.com/vb/attac...&postid=2310090

 

....trying to get back into big channel....

 

....failed to get back in .... yet....

 

10 min trading hours..

 

perfect touch of channel bottom

10 min trading hours