Well, with such a relentless market, it's absolutely in the range of possibilities.
Even the Action/Reaction Modell tells a similar story (see chart below).
And this is exactly the reason why I don't try t "forecast", try to tell the future anymore.
There are always two forces in opposite sides at work , and we don't know which one wins.
Instead we just need a set of rules to follow where we know, in the end we come out with a junk of profit if we follow them.
Here's the A/R Model:
We know there's a high chance that price is going from line to line.
So we see that after the bounce below, the new target is above, the orange reaction line: