This is an alternating addition series with repetition, in which a random number, 66, is interpolated as every third number. The regular series adds 2, then 3, then 2, and so on, with 66 repeated after each "add 2" step.
This is a simple division series; each number is one-half of the previous number.
In other terms to say, the number is divided by 2 successively to get the next result.
4/2 = 2
2/2 = 1
1/2 = 1/2
(1/2)/2 = 1/4
(1/4)/2 = 1/8 and so on.