Makes sense, though it's not a smooth, continuous down hill run from master cylinder to calliper; if it were they would self bleed.
As long as the strategy employed moves the brake fluid fast enough that it's quicker than the speed a bubble drifts backwards against the flow when the bubble has encountered a local hill (such as a brake flexi hose that is a hump shape) then the system should bleed successfully.
Strategies that achieve a continuous flow may well do better than pulsed flow but you'd hope that the designers of brake systems would have the presence of mind to ensure that the volume of fluid moved by a depression of the pedal is sufficient to move an air bubble out of a place where it is stuck (top of a local hill) and to a place where if it came to rest it wouldn't drift back particularly quickly!