This is a good analysis . However, IF A and B turns out to be Elliot wave #2, wave 5 isn't accounted for yet. In my opinion divergence won't go far if there is no break in a major trendline. If you already opened your position I wish this trade all the best.
Looks clearer/can see rationale on 4hr.. However the post pattern behavior does not support that of a completed ED does it? Further choppiness into a wedge? Ultimately the entire diagonal would need to be retraced in less time than it took to form, which it has not.. Also wave 1 of your diagonal most definitely seems impulsive, leading me to believe this is an expanded flat structure (or WXY) with the final leg building a bullish wedge. Mere speculation until a supporting breakout/pullback, but I would be weary about entering a short on this suspected ED.