How To Read Channels

Can you tell me plz , how to read these channells as i'm a novice in mkt.

 

can anybody tell me how to read these channels??

 

aud/usd hourly responding nice to its current channel....

 

...

 

loonggg channel....usd/jpy daily from last high...been in the upper part of the channel for a while, break out time???

 

My first channel in this thread.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2685664" />

Cheers,

 

Channel lines act as support and resistance.

 

Channel or curve fitting

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2686139" />

 

.... if you started drawing the channel from that first hit on the lower wall....
... then it is a channel
... if you started drawing it earlier... then it's curve fitting

... a good up channel starts with a point 1 hit on lower wall ... followed by point 2 up.. .and then a point 3 hit on the lower wall again
.... just my opinion... :0)

 

trend line