The first picture shows the front side, the second is the backside. Either way it looks nice. Here's the actual pattern if anyone cares ;)

CO 46 St size 5 needles

Knit 3 rows
1 Knit 3 stitches; place marker
*k2tog w/o taking off needle, knit first stitch* repeat from * to last 3 stitches
Place marker; knit to end
2 Knit to marker, purl to next marker, knit to end
3 Knit 4 stitches *k2tog w/o taking off needle, knit first stitch* repeat from * to last 4 stitches; knit to end
4 Knit to marker, purl to next marker, knit to end

repeat pattern from row 1-4 then end with 3 garter rows. (can also be done with a LT by purling 2 tog instead and knitting across)