Sure, but is irrelevant - TS has 30-something internal dynamic EQ nodes and user doesn't have any say on their placement, so by engaging the filters you simply disable the left- and right-most nodes and whether or not your peaks will be caught properly by the rest of the nodes depends on how smart the nodes were placed by the developer and how 'typical' your music is, because I'm sure they've not placed them randomly.
If you really want a surgical tool for this you have to get Neutron 3 or ProQ-3, because - as I said - you can place the nodes yourself, decide the sensitivity and reaction functions per node and decouple the frequency points (e.g. 1kHz can be ducked against 100Hz sidechain). But they cost 3-4x more AND they're utility is much broader than just this. And this comes back to my point, that TS is a one-trick-pony and is cheap, hence you shouldn't (but you can, obviously) expect it to be more feature-rich & flexible. If you were to place & set up 30-something nodes in Pro-Q3 you'd quickly go mad, so TS does this for you out-of-the-box instantly, but with less flexibility and control.