Yes Beth, mine looked more like the second picture.
I read your above post about the popping and sliding---Yikes that sounds like my knee!! I know you have issues with insurance and money---but my best advice is to see an orthopedic doctor. If you want to do any kind of exercise you'd probably want to do this just to see what's up. If you went to one, they'd give you "custom" braces, which is what I have. I think when I first got my braces, I waited about 2 weeks before I tried any running or anything again, and since then I've been fine.