The concept of time as a dimension that travels in one direction is a fundamental aspect of our current understanding of physics and is supported by a vast amount of empirical evidence. In the framework of classical physics and most of our everyday experiences, time appears to flow in a single direction, commonly referred to as the "arrow of time," from the past to the future.
However, your question seems to allude to the possibility of time having a more complex nature, where it could exhibit both forward and backward movements, akin to waves of oxidation and reduction. While this idea may be intriguing, it does not align with our current scientific understanding of time.
In modern physics, time is considered a dimension that is interconnected with the three spatial dimensions, forming a four-dimensional framework known as spacetime. Within this framework, time is typically treated as a unidirectional dimension, progressing from the past to the future.
The asymmetry of time, as we observe it, is closely related to the second law of thermodynamics, which states that entropy (a measure of disorder) tends to increase in isolated systems. This leads to the distinction between past and future, where events in the past are associated with lower entropy (higher order), while events in the future tend to have higher entropy (greater disorder).
While speculative theories and thought experiments have explored the idea of time reversal or alternative temporal frameworks, such as closed timelike curves, they generally remain in the realm of hypothetical possibilities. At present, there is no widely accepted scientific evidence or framework that suggests time operates in a dual-directional manner as you described.
It's important to note that scientific understanding evolves with time, and new discoveries or theoretical advancements may reshape our understanding of fundamental concepts. However, the unidirectional nature of time remains the prevailing understanding in physics.