Hi there!

I have a question about Divergence.

In attached image you can see a 60min chart of TZA. I have identified Bullish Divergence on three bottoms as marked in red below. On the fourth bottom, we have a new low, but on the MACD It does not show a new "low" below 0. Do it have to be below 0 to be a higher low on the MACD to be treated as a Bullish Divergence?

Hope you understand my question!

Ja, it is...

LukeGeniol 

Ja, it is...

Sorry, I did not understood your answer. Did you answer this question?
"Do it have to be below 0 to be a higher low on the MACD to be treated as a Bullish Divergence?"

Sorry, it's a bullish divergence, and yes MACD have to be under the 0 generally, cos it correspond to price LL .