We love this simple and beautiful technique known as 'Assigned Pooling" or "Intentional Pooling." Very simply, you change stitch patterns when you come to the accent color change.
We just got a shipment of Smooshy Cashmere dyed specifically for the technique. We're showing it here in the pattern Soho Orchid, a free download. We did it in one skein, but if you want a larger shawl we'd recommend two skeins.
There are many patterns designed for this technique. You can do searches for the phrase 'assigned pooling' and you're sure to find some you like!
In addition to the special-dyed Smooshy Cashmere, we suggest Splash (cotton based) and Dash (wool based), both from Berroco. There's a fun cowl knit in Dash at the link that showcases a unique application of this technique by doing a bobble at the color change.
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