US-P17.024ab ।US-P17.024cd ॥
In plain words
What you perceive directly — know that as waking. That same thing, now only remembered — that is dream. And when both are gone — deep sleep. Your own Self: that is the supreme ground.
Close to the Sanskrit
One should know the seen as waking; that very same thing remembered, as dream; and deep sleep as the absence of that; one's own Self as the supreme state.