Missing index constraint for an SQL table

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MySQL

Hello everyone, I want to create 2 tables in MySQL using Workbench. The first table is called tools which I was able to create but while I was creating the second table (location) I got this error
Error Code:1822 Failed to add the foreign key constraint. Missing index for constraint 'fk_tools_location' in the referenced table tools.

What I have tried:

This is the code that I used to create the two tables. The name of the database is wax

Tools Table

Use wax;

CREATE TABLE IF NOT EXISTS wax.tools (
	id BIGINT(11) NOT NULL AUTO_INCREMENT,
    tool_id BIGINT(11) NOT NULL,
    tool_name VARCHAR(50) NOT NULL,
	tag_id BIGINT(11) NOT NULL,
    tag_type ENUM ('Active', 'Passive') NOT NULL,
    note_1 LONGTEXT NULL,
    note_2 LONGTEXT NULL,
    note_3 LONGTEXT NULL,
    PRIMARY KEY (id),
    INDEX idx_tag_id (tag_id),
    INDEX idx_tool_name (tool_name)
    
);

This for the Location Table

CREATE TABLE IF NOT EXISTS wax.location (
	id BIGINT(11) NOT NULL AUTO_INCREMENT,
    tool_id BIGINT NOT NULL,
    location_id BIGINT(11) NOT NULL,
    location_name VARCHAR (50) NOT NULL, 
    location ENUM ('HOME', 'ACTUAL') NOT NULL,
    home_start_time TIME NOT NULL,
    home_end_time TIME NULL,
    actual_start_time TIME NULL,
    actual_end_time TIME NULL, 
    time_spent_in_home TIME,
    time_spent_in_actual TIME,
    PRIMARY KEY (id),
    INDEX idx_location_name (location_name),
    INDEX idx_time_spent_in_home (time_spent_in_home ASC),
    INDEX idx_time_spent_in_actual (time_spent_in_actual ASC),
	CONSTRAINT fk_tools_location FOREIGN KEY  (tool_id) 
    REFERENCES wax.tools (tool_id)
    
);

Please what I'm I doing wrong ? Thanks for any help.