This is an alternating addition series with a random number, 4, interpolated as every third number. In the main series, 1 is added, then 2 is added, then 1, then 2, and so on.
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.
Two series alternate here, with every third number following a different pattern. In the main series, 3 is added to each number to arrive at the next. In the alternating series, 5 is subtracted from each number to arrive at the next.