This is an update of my forecast of the Hang Seng Index using the Ichimoku Kinko Hyo Indicator. HSI:HSI
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I am still in an active trade of the Hang Seng Index. Using the Ichimoku Indicator I think it probable that price will continue to move upward for awhile. Of course there will be periods where price action takes a breather but I am forecasting that I think it probable that price will be on its upward trend into late February/early March?! Time cycle analysis, which is one of the pillars of the Ichimoku Indicator, indicates that price is in an upward cycle after coming out of a downward cycle late October.