Iterative Refinement

Quote from Spydertrader:

Answers:

Green Arrows Represent Dominance
Red Arrows Represent Non-dominance

Resist the urge to check the answers if you still have plans to perform the exercise.

- Spydertrader

Why is the next to last black bar non dominant?
 

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Quote from Tums:

a one bar retrace. e.g. IBGS that has made a hh... thus the black color.

Why does it have to be a retrace? We can just as easily have a bar that goes higher and closes higher, but with decreased volatility.
 
Quote from dkm:
Why does it have to be a retrace? We can just as easily have a bar that goes higher and closes higher, but with decreased volatility.
and decreased volume?
...then WMCN?
 
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