Does the Bearish Engulfing work on Polkadot?

On Polkadot's daily chart, after a bearish engulfing Polkadot fell within 7 days 63% of the time across 104 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 PolkadotNo edge
63% of 104 casesbaseline 54%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern +2.73% vs +0.82% from any bar; after a 0.2% round trip of fees +2.53%.

Daily chart

WithinPolkadotOrdinary barCasesAll coinsVerdict
24 hours53% (45%–61%)51%14350% vs 51%No edge
30 days57% (43%–70%)59%4757% vs 58%No edge
7 days63% (53%–71%)54%10455% vs 54%No edge

4-hour chart

WithinPolkadotOrdinary barCasesAll coinsVerdict
24 hours48% (44%–52%)51%66048% vs 50%No edge
7 days50% (44%–56%)53%24051% vs 51%No edge

1-hour chart

WithinPolkadotOrdinary barCasesAll coinsVerdict
24 hours56% (42%–69%)50%4849% vs 50%No edge
4 hours43% (34%–53%)48%10047% 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 Polkadot 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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