Does the Bearish Engulfing work on Sui?

On Sui's daily chart, after a bearish engulfing Sui fell within 7 days 46% of the time across 54 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 SuiNo edge
46% of 54 casesbaseline 54%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern -0.75% vs +1.21% from any bar; after a 0.2% round trip of fees -0.95%.

Daily chart

WithinSuiOrdinary barCasesAll coinsVerdict
24 hours54% (44%–65%)53%7950% vs 51%No edge
30 days42% (26%–61%)53%2657% vs 58%Too few
7 days46% (34%–59%)54%5455% vs 54%No edge

4-hour chart

WithinSuiOrdinary barCasesAll coinsVerdict
24 hours53% (47%–58%)53%35448% vs 50%No edge
7 days56% (47%–64%)55%12951% 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 Sui 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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