Critically wounded means your shield is gone.
Shield =the white part of your health bar.
1/4th of the bar is tour health...3/4 of it is the shield....so you will only regain up to 25% of your health bar.
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I understand where critically wounded kicks in my 50 percent statement was a proposed change but right now no matter how low my health gets I've testesbfor about 2 days now and haven't been able to get the health regen to happen in pve or pvp