Hello Ram,
Hope all is well.
It is rather relative, depending on your current bias, what position you have floating.
It is generally 75 to terminate the position and 25 to enter.
EG: If you draw a bullish wave and you don't have a floating position, you could short when a whole candle closed below 75.
So as you can see in this case you would use 75 for a short entry.
Vice Versa for Bearish W40 waves.
Dear
Pwegner:
Thank you very much for your kind words! I hope you learn things here that help out with your trading!
And when you get good share everything you know, because there is enough bread for everyone.
We tend to sometimes underestimate that even the simplest of words we say in a place like BabyPips can be the key to unlocking someones padlock of Trading Faults and Dilemmas.
So, share, teach and give thanks
Regards,
E. Lang