Does the Bullish Engulfing work on Uniswap?

On Uniswap's daily chart, after a bullish engulfing Uniswap rose within 7 days 45% of the time across 86 past cases. On an ordinary day it did so 49% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On UniswapNo edge
45% of 86 casesbaseline 49%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern -0.70% vs -0.38% from any bar; after a 0.2% round trip of fees -0.90%.

Daily chart

WithinUniswapOrdinary barCasesAll coinsVerdict
24 hours48% (39%–57%)49%11248% vs 48%No edge
30 days41% (28%–56%)48%4643% vs 42%No edge
7 days45% (35%–56%)49%8645% vs 46%No edge

4-hour chart

WithinUniswapOrdinary barCasesAll coinsVerdict
24 hours48% (44%–52%)49%56848% vs 49%No edge
7 days47% (41%–54%)48%22048% 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 Uniswap 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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