Does the Bearish Engulfing work on Hedera?

On Hedera's daily chart, after a bearish engulfing Hedera fell within 7 days 47% of the time across 123 past cases. On an ordinary day it did so 54% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On HederaNo edge
47% of 123 casesbaseline 54%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern -0.44% vs +1.04% from any bar; after a 0.2% round trip of fees -0.64%.

Daily chart

WithinHederaOrdinary barCasesAll coinsVerdict
24 hours41% (34%–48%)50%16750% vs 51%Leans opposite
30 days59% (46%–70%)58%5857% vs 58%No edge
7 days47% (39%–56%)54%12355% vs 54%No edge

4-hour chart

WithinHederaOrdinary barCasesAll coinsVerdict
24 hours50% (46%–53%)51%69248% vs 50%No edge
7 days57% (51%–63%)53%25451% vs 51%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 Hedera 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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