Does the Bullish Engulfing work on Hedera?

On Hedera's daily chart, after a bullish engulfing Hedera rose within 7 days 49% of the time across 88 past cases. On an ordinary day it did so 46% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On HederaNo edge
49% of 88 casesbaseline 46%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern -1.09% vs -1.04% from any bar; after a 0.2% round trip of fees -1.29%.

Daily chart

WithinHederaOrdinary barCasesAll coinsVerdict
24 hours63% (53%–71%)49%10548% vs 48%Weak edge
30 days47% (33%–61%)42%4743% vs 42%No edge
7 days49% (39%–59%)46%8845% vs 46%No edge

4-hour chart

WithinHederaOrdinary barCasesAll coinsVerdict
24 hours46% (42%–50%)48%64748% vs 49%No edge
7 days47% (40%–53%)47%24948% vs 48%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 Hedera 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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