Ok another question that is embarassing. When plotting fibonacci levels I'm perplexed.
My understanding when looking at fib retracement levels is you always begin at the swing low and the swing top. For me this usually means that fib degree 100 is always on the base of my chart and 0 is on top of my chart. However some charts I noticed have 0 in the base and 100 in the top. This should not matter right?
Where do fib extension levels come in? Are fib's called retracement degrees when in an uptrend and whistles when in a trend?