Where do Channels come from? (GBPUSD study)

FX:GBPUSD   British Pound / U.S. Dollar
119 0
I see channels forming when the lows-to-highs create parallel Fibonacci lines that extend out. The Fib Speed Resistance Fan was used in this illustration.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out