It’s a top-down top with a decorative pattern created with extended stitches.

REQUIREMENTS
YARN: Natura Just Cotton Medium, by DMC, 100% cotton, 50 grams, 75 meters; S(M. L, XL, XXL): 6(7, 8, 9, 10) skein
Notions: tapestry needle to weave in ends, 4 stitch markers for raglan increases (m), 1 stitch marker for beginning of the round (BM)
Needles: 4,5 mm circular needles
GAUGE: 14 sts x 22 rows in 10x 10 cm

ABBREVIATIONS
k: knit; p: purl; sm: slip marker; pm: place marker; exk: extended knitted stitch; yo: yarn over;

If you need help with the extended stitch this video might help you :)