“I have drawn the Fibonacci retracement from the high to the low. This means the retracement numbers are the opposite way around. I will explain why I did this in the Fibonacci section, but in a nutshell I am expecting a short-term reversal so I want to know in relation to the 50% retracement point (which will not move) where the other expansion levels (161.8%, 261.8% and 423.6%) will be for future reference.”