No, such an orbit is not possible (or: it's not possible unless the satellite is accelerated most of the time, which is not plausible in terms of fuel). In particular it's not possible for the path of the orbit to trace out a great circle over surface the Earth (in a coordinate system rotating with the Earth). Your picture shows a great circle.
For a circular polar orbit with period $p$, then for successive passes over the equator, the point where the satellite is directly overhead will move west by a distance of about
$$\frac{2\pi R p}{d}$$
where
- $p$ is period of the orbit;
- $R$ is the radius of the Earth;
- $d$ is the length of the sidereal day (which is slightly less than the solar day).
In real life there will be various perturbations which make this not quite accurate.
From this it's easy to see that the track of the orbit can never be a great circle: it must necessarily pass over both poles, but the angle at which it cuts the equator can never be $\pi/2$, and any great circle which passes through the poles must cut the equator at that angle.
There is, I am sure, software which will compute & plot orbit tracks: I'm afraid I don't know of any to recommend however: if someone else does feel free to edit this answer.