I personally use the ultimate oscilitator , and i trade on 4 hour timeframe , and there is 0 divergence on that timeframe , in fact price is making lower highs while the oscilitator is making higher highs , hidden bearmish divergence . Price can go up because it hit a monthly low
No problem bro, if it goes up for any reason it is good for me. Everyone use different indicator & every indicator has different story to tell. I trade what I see & my indicator is telling Divergence here. More important thing is not indicator but understanding of market & ability to manage trade & risk simultaneously. Still I appreciate your feedback, thank you !
Funny thing is I too dont know how to count waves ;) I just know basic count & if it fits in my idea I use it or else, I have simple lines like yours which works wonder for me. Happy & Prosperous New Year 2016 & Merry Christmas to your & your family, Cheers!