Does the Three Black Crows work on Uniswap?

On Uniswap's daily chart, after a three black crows Uniswap fell within 7 days 48% of the time across 52 past cases. On an ordinary day it did so 51% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On UniswapNo edge
48% of 52 casesbaseline 51%
All coinsNo edge
50% of 8,345 casesbaseline 54%
Median move after the pattern -1.49% vs +0.38% from any bar; after a 0.2% round trip of fees -1.69%.

Daily chart

WithinUniswapOrdinary barCasesAll coinsVerdict
24 hours41% (31%–53%)51%7341% vs 51%No edge
30 days52% (35%–68%)52%3356% vs 58%No edge
7 days48% (35%–61%)51%5250% vs 54%No edge

4-hour chart

WithinUniswapOrdinary barCasesAll coinsVerdict
24 hours49% (43%–54%)51%29247% vs 50%No edge
7 days53% (45%–60%)51%16752% vs 52%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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