Does the Bearish Engulfing work on Avalanche?

On Avalanche's daily chart, after a bearish engulfing Avalanche fell within 7 days 57% of the time across 102 past cases. On an ordinary day it did so 52% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On AvalancheNo edge
57% of 102 casesbaseline 52%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern +1.31% vs +0.53% from any bar; after a 0.2% round trip of fees +1.11%.

Daily chart

WithinAvalancheOrdinary barCasesAll coinsVerdict
24 hours52% (44%–61%)50%13450% vs 51%No edge
30 days62% (47%–74%)54%4757% vs 58%No edge
7 days57% (47%–66%)52%10255% vs 54%No edge

4-hour chart

WithinAvalancheOrdinary barCasesAll coinsVerdict
24 hours47% (43%–51%)51%63748% vs 50%Leans opposite
7 days51% (45%–57%)52%23351% vs 51%No edge

1-hour chart

WithinAvalancheOrdinary barCasesAll coinsVerdict
24 hours61% (47%–74%)49%4449% vs 50%No edge
4 hours51% (40%–61%)48%8947% vs 49%No edge

How this is measured: each occurrence is counted from the bar where the pattern became knowable, overlapping cases are dropped, and the result is compared with how often Avalanche moved the same way from any random bar over the same window. A pattern only earns "beat the baseline" when the difference is larger than luck explains across all the tests we run. Full method.

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