Don't Fight ResistanceSalesforce, Inc.BATS:CRMGigantesResearchIn May, I laid out my bullish case for Salesforce and went long. In my strategy, it's a tactical trade. The plan, written in August The dailies showed a descending channel and a bullish gap. Taking profit was expected, so I sold 25%. Then I wrote down how I'd trade the levels defined by the channel and the gap: • At resistance, I don't fight it. • I hedge against a reversal that could fill the gap, by partially selling. • If the channel breaks out, a golden cross will likely come with it, and I load up. September Price reached the upper rail. After such a massive bullish move, the gap left behind acts as a gravitational force. A breakout on the first attempt was unlikely. So I followed the plan and sold another 25%. I'm still long half. The read It's far from an exact science. Anything can happen. You could see these patterns as probability indicators that can help you take risk. At least I'm acting on a read, my read, and not on whatever today's mood makes me feel. My own position and read, shared for educational purposes only. Not financial advice, not a market prediction, and not a recommendation to buy, sell, or hold.