Does the Bearish Engulfing work on Chainlink?

On Chainlink's daily chart, after a bearish engulfing Chainlink fell within 7 days 51% of the time across 130 past cases. On an ordinary day it did so 49% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On ChainlinkNo edge
51% of 130 casesbaseline 49%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern +0.07% vs -0.24% from any bar; after a 0.2% round trip of fees -0.13%.

Daily chart

WithinChainlinkOrdinary barCasesAll coinsVerdict
24 hours47% (40%–55%)49%17150% vs 51%No edge
30 days44% (33%–57%)47%6357% vs 58%No edge
7 days51% (42%–59%)49%13055% vs 54%No edge

4-hour chart

WithinChainlinkOrdinary barCasesAll coinsVerdict
24 hours48% (44%–52%)49%67948% vs 50%No edge
7 days48% (42%–54%)48%25451% vs 51%No edge

1-hour chart

WithinChainlinkOrdinary barCasesAll coinsVerdict
24 hours50% (47%–53%)50%84849% vs 50%No edge
4 hours48% (46%–51%)49%172447% 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 Chainlink 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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