Does the Bullish Engulfing work on Chainlink?

On Chainlink's daily chart, after a bullish engulfing Chainlink rose within 7 days 52% of the time across 123 past cases. On an ordinary day it did so 51% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On ChainlinkNo edge
52% of 123 casesbaseline 51%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern +1.59% vs +0.24% from any bar; after a 0.2% round trip of fees +1.39%.

Daily chart

WithinChainlinkOrdinary barCasesAll coinsVerdict
24 hours53% (45%–60%)51%15848% vs 48%No edge
30 days57% (45%–69%)53%6343% vs 42%No edge
7 days52% (43%–61%)51%12345% vs 46%No edge

4-hour chart

WithinChainlinkOrdinary barCasesAll coinsVerdict
24 hours50% (46%–53%)51%66748% vs 49%No edge
7 days53% (47%–59%)52%25648% vs 48%No edge

1-hour chart

WithinChainlinkOrdinary barCasesAll coinsVerdict
24 hours50% (47%–53%)50%84249% vs 50%No edge
4 hours48% (46%–51%)49%171748% vs 50%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 Chainlink 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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