Yes that would qualify as regular divergence. As to where to enter that's up to u, different traders have different ways, just bear in mind on a 4 hr chart you'd need big stops trading divergence because the price could still go up more resulting in double or triple divergence before it decides to move down !!!
A good thread devoted to divergence is as follows:
http://www.moneytec.com/forums/f59/s...-advice-20616/
Happy reading and trading !!
P.S. i personally prefer hidden divergence but different horses for different courses !!