2WD all the way forward makes sense as that's the way the truck is driven 90+% of the time, putting the shift lever out of the way. My F250 is that way.
Someone needs to fix that decal, although it probably wouldn't take long for someone to figure out they're in 4x4 Lo. If the wheels were turned, it would crow hop like mad, and the engine would wind up high for the speed.
I'm guessing someone printed the figures upside down.

If the linkage were reversed, it would match the sticker. (t-case lever on top instead of below the shaft)