Shown with a cast-on count of 36 stitches.  

• Rows 1, 5, 9, 13, 17, 21, 25, 29, 33, 37, 41, and 45 (RS): Knit.
• Rows 2, 6, 10, 14, 18, 22, 26, 30, 34, 38, 42, and 46: Knit.
• Row 3: *[K2tog] 3 times, [yo, k1] 6 times, [k2tog] 3 times, repeat from *.
• Rows 4, 8, 12, 16, 20, 24, 28, 32, 36, 40, 44, and 48: Purl.
• Row 7: *[K2tog] 4 times, [yo, k1] 6 times, [k2tog] twice, repeat from *.
• Row 11: *[K2tog] 5 times, [yo, k1] 6 times, k2tog, repeat from *.
• Row 15: *[K2tog] 6 times, [yo, k1] 6 times, repeat from *.
• Row 19: *Yo, k1, [k2tog] 6 times, [yo, k1] 5 times, repeat from *.
• Row 23: *[Yo, k1] twice, [k2tog] 6 times, [yo, k1] 4 times, repeat from *.
• Row 27: *[Yo, k1] 3 times, [k2tog] 6 times, [yo, k1] 3 times, repeat from *.
• Row 31: *[Yo, k1] 4 times, [k2tog] 6 times, [yo, k1] twice, repeat from *.
• Row 35: *[Yo, k1] 5 times, [k2tog] 6 times, yo, k1, repeat from *.
• Row 39: *[Yo, k1] 6 times, [k2tog] 6 times, repeat from *.
• Row 43: *K2tog, [yo, k1] 6 times, [k2tog] 5 times, repeat from *.
• Row 47: *[K2tog] twice, [yo, k1] 6 times, [k2tog] 4 times, repeat from *.
• Repeat rows 1-48.