Does the Bearish Engulfing work on Solana?

On Solana's daily chart, after a bearish engulfing Solana fell within 7 days 62% of the time across 91 past cases. On an ordinary day it did so 50% of the time.

Slightly better, not conclusiveA little better than the baseline, but within what luck could produce across this many tests.
On SolanaWeak edge
62% of 91 casesbaseline 50%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern +2.35% vs +0.06% from any bar; after a 0.2% round trip of fees +2.15%.

Daily chart

WithinSolanaOrdinary barCasesAll coinsVerdict
24 hours51% (42%–60%)50%12050% vs 51%No edge
30 days49% (35%–63%)49%4557% vs 58%No edge
7 days62% (51%–71%)50%9155% vs 54%Weak edge

4-hour chart

WithinSolanaOrdinary barCasesAll coinsVerdict
24 hours49% (45%–53%)50%63148% vs 50%No edge
7 days47% (40%–53%)50%23051% vs 51%No edge

1-hour chart

WithinSolanaOrdinary barCasesAll coinsVerdict
24 hours47% (44%–51%)50%86349% vs 50%No edge
4 hours47% (45%–50%)49%180047% 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 Solana 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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