Yeah, aim for 3 waves. Repeat the process next week, trying to use slightly heavier weights.
Theoretically the process continues, week after week, until you hit a nice PR on the single rep of your 3rd wave. Or until you stop making progress or get bored.
Thibaudeau was kinda vague describing exactly how to do it, because its hard to predict exactly how good and strong you’ll feel day to day.
Here’s a more detailed and complete plan, with percentages and rest times and stuff.
So far, I don’t think anyone has run it and reported back yet.