DislikedRegarding your daily chart, wouldn't you want that divergence to be in the direction of your trade, not against it? The way I read it, the divergence is indicating weakness in the rise of the last many bars, and therefore is advising against a long trade.
Note, I am new to the James16 method, so I may have this totally wrong with regard to the method.
Edit: I apologize for picking on a single aspect of your analysis, I'm just trying to learn here. The rest of your points seem quite valid to me.Ignored
I believe the actual term is hidden divergence. But essentially the Oscillator is making a new low, while price is making a new high . So they are diverging from each other. I call it divergence either way
Best
Mike