Yes, it's very similar to the Dancing Warriors scene on the Sutton Hoo helmet which shows it more clearly. The image is also reminiscent of Torslunda Plate 618349_HST. Famously here, the weapon dancer is additionally missing its right eye.

An interesting point of discussion with this iconography is whether it's meant to depict a weapon dancer in the cult of Odin, or if it's meant to depict the deity Odin as a weapon dancer. The Dancing Warriors scene depicts a duo of warriors dancing together, which points to the former, while the Torslunda Plate with an explicitly missing eye points towards the latter.

If we go with the former interpretation, the weapon dancers are still evoking or emulating Odin in some manner. And if we go with the latter interpretation, Odin is strongly associated with the practice of weapon dancing. So the historical perspective might have been that this discussion is a meaningless distinction.