Does the Bearish Engulfing work on Stellar?

On Stellar's daily chart, after a bearish engulfing Stellar fell within 7 days 56% of the time across 150 past cases. On an ordinary day it did so 55% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On StellarNo edge
56% of 150 casesbaseline 55%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern +0.70% vs +1.10% from any bar; after a 0.2% round trip of fees +0.50%.

Daily chart

WithinStellarOrdinary barCasesAll coinsVerdict
24 hours42% (36%–49%)50%19450% vs 51%Leans opposite
30 days54% (42%–65%)56%6757% vs 58%No edge
7 days56% (48%–64%)55%15055% vs 54%No edge

4-hour chart

WithinStellarOrdinary barCasesAll coinsVerdict
24 hours52% (48%–55%)51%72548% vs 50%No edge
7 days55% (49%–61%)54%26551% vs 51%No edge

1-hour chart

WithinStellarOrdinary barCasesAll coinsVerdict
24 hours52% (48%–55%)52%87949% vs 50%No edge
4 hours45% (42%–47%)49%180847% vs 49%Opposite

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 Stellar 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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