Does the Bullish Engulfing work on Shiba Inu?

On Shiba Inu's daily chart, after a bullish engulfing Shiba Inu rose within 7 days 45% of the time across 75 past cases. On an ordinary day it did so 43% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On Shiba InuNo edge
45% of 75 casesbaseline 43%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern -1.15% vs -1.29% from any bar; after a 0.2% round trip of fees -1.35%.

Daily chart

WithinShiba InuOrdinary barCasesAll coinsVerdict
24 hours39% (30%–49%)47%9248% vs 48%No edge
30 days34% (21%–50%)42%3843% vs 42%No edge
7 days45% (35%–57%)43%7545% vs 46%No edge

4-hour chart

WithinShiba InuOrdinary barCasesAll coinsVerdict
24 hours45% (40%–49%)47%53148% vs 49%No edge
7 days44% (37%–51%)43%20548% 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 Shiba Inu 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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