I'm not sure which indicator you are using there.Regarding the hourly divergence: yes, you are correct - swing low to swing low. In my haste the upper pink angled line over-extended as did the little curl on the right hand vertical at the top. It is actually to the dip prior to current candle shown which is at the bottom of the V on the yellow e21. There is no new dip yet - it is still forming until they both pull back for a bar.
Or perhaps the confusion was in the purple circle which was not related divergence but rather the crossing of the blue/red
The current downswing can only be measured for divergence once this swing completes.
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I'm not sure which indicator you are using there. Regarding the...
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