The route being climbed in this photo is not Waves. You're correct Goran, Waves is to the left. I don't remember the name of this route but I think it's in the 5.6/5.7 range. Real fun a little higher where it get real steep on big holds.
There are several starts to Waves and I think this is one of the them. Another one is on the right higher in the gully on the large vertical rails. To the left out of the gully is a harder, schmeary start.