Does the Bearish Engulfing work on Shiba Inu?

On Shiba Inu's daily chart, after a bearish engulfing Shiba Inu fell within 7 days 48% of the time across 87 past cases. On an ordinary day it did so 56% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On Shiba InuNo edge
48% of 87 casesbaseline 56%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern -0.35% vs +1.29% from any bar; after a 0.2% round trip of fees -0.55%.

Daily chart

WithinShiba InuOrdinary barCasesAll coinsVerdict
24 hours47% (38%–57%)51%10650% vs 51%No edge
30 days53% (39%–67%)57%4357% vs 58%No edge
7 days48% (38%–59%)56%8755% vs 54%No edge

4-hour chart

WithinShiba InuOrdinary barCasesAll coinsVerdict
24 hours50% (46%–54%)52%57948% vs 50%No edge
7 days58% (51%–64%)56%21051% 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 Shiba Inu 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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