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The Fibonacci Retracement tool is only half right. Specifically,
when the trendline is drawn from low to high the retracements levels
start at 0% for the high and go to 100% for the low, which is
correct. But when the trendline is drawn from high to low 0% is at
the low amd 100% is at the high, which is not correct. In this case,
the scale has to be inverted. No matter how the trendline is drawn,
0% should always be at the end of the trendline, and the retracement
levels should always increase in the direction opposite of the
trendline's x-axis vector.
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