Abbreviations:

 

 

 

RS, WS: Right side, wrong side
ST, STS: Stitch, stitches
Rep: Repeat
K: Knit
P: Purl
Yo: Yarn over
K2tog: Knit 2 stitches together

Pattern
Cast on a multiple of 12 sts.
Round 1: *Yo, K1, Yo, P2, K2, K2tog, K3, P2; rep from * to end.
Round 2: *K3, P2, K6, P2; rep from * to end.
Round 3: *K1, (Yo, K1) twice, P2, K2, K2tog, K2, P2; rep from * to end.
Round 4: *K5, P2, K5, P2; rep from * to end.
Round 5: *K2, Yo, K1, Yo, K2, P2, K2, K2tog, K1, P2; rep from * to end.
Round 6: *K7, P2, K4, P2; rep from * to end.
Round 7: *K3, Yo, K1, Yo, K3, P2, K2, K2tog, P2; rep from * to end.
Round 8: *K9, P2, K3, P2; rep from * to end.
Round 9: *K2, K2tog, K5, P2, K1, K2tog, P2; rep from * to end.
Round 10: *K8, P2, K2, P2; rep from * to end.
Round 11: *K2, K2tog, K4, P2, K2tog, P2; rep from * to end.
Round 12: *K7, P2, K1; P2; rep from * to end.
Round 13: *K2, K2tog, K3, P2, Yo, K1, Yo, P2; rep from * to end.
Round 14: *K6, P2, K3, P2; rep from * to end.
Round 15: *K2, K2tog, K2, P2, (K1, Yo) twice, K1, P2; rep from * to end.
Round 16: *K5, P2, K5, P2; rep from * to end.
Round 17: *K2, K2tog, K1, P2, K2, Yo, K1, Yo, K2, P2; rep from * to end.
Round 18: *K4, P2, K7, P2; rep from * to end.
Round 19: *K2, K2tog, P2, K3, Yo, K1, Yo, K3, P2; rep from * to end.
Round 20: *K3, P2, K9, P2; rep from * to end.
Round 21: *K1, K2tog, P2, K2, K2tog, K5, P2; rep from * to end.
Round 22: *K2, P2, K8, P2; rep from * to end.
Round 23: *K2tog, P2, K2, K2tog, K4, P2; rep from * to end.
Round 24: *K1, P2, K7, P2; rep from * to end.
Rep Rounds 1 – 24.

Note: The pattern is worked over a multiple of 12 stitches that are increased and decreased over 24 rounds; only count stitches on 12th and 24th rounds.

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