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That partly depends on how you define "bounce".

If I drop a basketball well then as we all know it will bounce but due to energy loss (getting into physics here.....) it won't bounce to a height higher than that from which it was released assuming that the only downward force was gravity (that is, I let it go and didn't throw it down).

So long as the ASX is higher than the low and hasn't exceeded the previous high then it remains possible that it's a bounce using that definition of it.

That is of course being rather pedantic on my part.....