If it stays around the median and within this then it could.
Good old Investpodia explains a little of the here.
The application of the offers two formidable lines with a middle line that can serve as both or as a pseudo-regression line. Andrews believed that market price action would gravitate towards the 80% of the time, with wild fluctuations or changes in sentiment accounting for the remaining 20%. As a result, the overall longer-term trend will (in theory) remain intact, regardless of the smaller fluctuations.
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