Does the Bearish Engulfing work on NEAR Protocol?

On NEAR Protocol's daily chart, after a bearish engulfing NEAR Protocol fell within 7 days 56% of the time across 98 past cases. On an ordinary day it did so 51% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On NEAR ProtocolNo edge
56% of 98 casesbaseline 51%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern +1.99% vs +0.49% from any bar; after a 0.2% round trip of fees +1.79%.

Daily chart

WithinNEAR ProtocolOrdinary barCasesAll coinsVerdict
24 hours59% (50%–67%)51%12750% vs 51%No edge
30 days61% (47%–74%)54%4957% vs 58%No edge
7 days56% (46%–66%)51%9855% vs 54%No edge

4-hour chart

WithinNEAR ProtocolOrdinary barCasesAll coinsVerdict
24 hours49% (45%–52%)51%63048% vs 50%No edge
7 days49% (43%–55%)51%23151% vs 51%No edge

1-hour chart

WithinNEAR ProtocolOrdinary barCasesAll coinsVerdict
24 hours49% (46%–53%)51%84849% vs 50%No edge
4 hours48% (46%–51%)50%176047% 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 NEAR Protocol 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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