Does the Bullish Engulfing work on Stellar?

On Stellar's daily chart, after a bullish engulfing Stellar rose within 7 days 45% of the time across 116 past cases. On an ordinary day it did so 44% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On StellarNo edge
45% of 116 casesbaseline 44%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern -1.17% vs -1.10% from any bar; after a 0.2% round trip of fees -1.37%.

Daily chart

WithinStellarOrdinary barCasesAll coinsVerdict
24 hours48% (40%–56%)49%15148% vs 48%No edge
30 days39% (27%–52%)43%5743% vs 42%No edge
7 days45% (36%–54%)44%11645% vs 46%No edge

4-hour chart

WithinStellarOrdinary barCasesAll coinsVerdict
24 hours49% (45%–53%)48%67448% vs 49%No edge
7 days47% (41%–53%)46%26248% vs 48%No edge

1-hour chart

WithinStellarOrdinary barCasesAll coinsVerdict
24 hours44% (41%–48%)47%85949% vs 50%No edge
4 hours44% (42%–47%)48%177748% vs 50%Leans opposite

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 Stellar 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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