What kind of "braiding" is this?

by Hanne
(Norway)

Bracelet

I bought this bracelet from H&M, mostly cause I was interested in making them myself, with the closing-techinque you did with the bubblegum bracelet.

I tried figuring out how to do this, but I was never any good at braiding and all that. Do you know this pattern, and can you show me? Also, do you have any ideas how to make it with the same "lock" as the bubblegum bracelet? :)