Thoughts on #GMT:\n\n$GMT continues to trade within a well-defined descending channel, reflecting a controlled corrective phase after the prior impulsive move. $GMT is currently hovering near the mid-range of the channel, where previous reactions have occurred, suggesting the market is deciding whether this is just a consolidation or the start of a deeper pullback.\n\nAs long as the lower boundary of the channel holds $GMT, this structure favors a potential bullish reaction from support, with upside toward the channel top and the descending trendline. A clean breakout above the upper boundary would signal trend reversal, while acceptance below the channel support would invalidate the bullish scenario and open the door for further downside.