Recency bias is definitely a thing, and I don't believe that team/athlete is only as good as their latest match, experienced it several times that team could be performing poor during a certain phase of the tournmanent and then makes a sudden comeback like in cricket where Australia had poor form during start of odiwc'23, everyone cancelled them out due to their 'recent poor form' but soon after they got into their grooves and went on to win the world cup itself!