Does the Bullish Engulfing work on Polkadot?

On Polkadot's daily chart, after a bullish engulfing Polkadot rose within 7 days 56% of the time across 90 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 PolkadotNo edge
56% of 90 casesbaseline 46%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern +0.83% vs -0.82% from any bar; after a 0.2% round trip of fees +0.63%.

Daily chart

WithinPolkadotOrdinary barCasesAll coinsVerdict
24 hours50% (41%–59%)48%11048% vs 48%No edge
30 days43% (30%–58%)41%4443% vs 42%No edge
7 days56% (45%–65%)46%9045% vs 46%No edge

4-hour chart

WithinPolkadotOrdinary barCasesAll coinsVerdict
24 hours48% (44%–53%)49%59448% vs 49%No edge
7 days45% (39%–52%)47%22948% vs 48%No edge

1-hour chart

WithinPolkadotOrdinary barCasesAll coinsVerdict
24 hours56% (41%–69%)50%4549% vs 50%No edge
4 hours55% (45%–64%)49%9948% 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 Polkadot 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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