Ah, the notorious "spark wobble"!
The culprit here usually is: a slightly bent points shaft that mounts the spark advancer, which makes it sit ever-so-slightly not flat against the end of the crank. This makes the points cam, which has a bit of play in it, alternately wobble first 'away' from the points on one revolution, then as it gets pushed to (your) right when it opens the 1-4 set again, the clearance shifts 'toward' the 2-3 set on the next revolution, advancing the timing for one revolution. Then this cycle starts again. If left this way for a LONG time, it causes the foot of the points cam to wear in an arc, and then the only solid solution is to replace the advancer or mill the base flat and make some shims of the same amount, tricky stuff to do (but often needed on the Honda Twins of the 350/360 genre).
The "fix" is to align the points shaft. Sadly, this requires both a dial gage and the removal of the whole points plate...it has to be less than .002" out-of-round (and is fairly easy to get perfect) to fix this issue.
..unless the points cam is already worn, then it's a different issue?
A word to the sage: this bending happens when the big nut is turned CCW (backward) with the sparkplugs still in the engine. This lifts the advancer off the base opposite the dowel, bending the shaft (specifically while adjusting the 2-3 points set with a static light). It literally can happen in one backward turn! Before I figured out that I was CAUSING this to happen (in about 1973) on bikes I was tuning up, I had to 'fix' a lot of them in those days, before I got smarter.
But, now you're smarter, too!