$ENSO Why is it said that ENSO is currently trapping longs?
Look correctly at the candlestick you sent (M15):
1. Draw straight up to 1.86
• Creates a “breakout – about to go to 2.0” feeling
• Long FOMO jumps in en masse
2. Immediately afterward, a completely engulfing red candle
• Closes straight back at 1.66
• Long upper wick → very strong sell-off at the top
3. Volume spikes
• Not buying, but selling into the long
👉 This is a very clean bull trap, textbook level.
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How to correctly interpret ENSO now?
• 1.86 = temporary peak
• A quick 10% drop in one candle → big money has sold
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