Works like a charm (most of the times).
Moves can be small or large depending on the data release but generally this pattern works quite well. Can make for some decent scalps.
1. Market moves into one direction initially. Depending on if the data is "good" or "bad".
2. Comes back to sweep the candle from the data release.
3. Goes back to the initial direction and continues on.
And yes, I went on the 30s candle chart here to visualize it best. This was just PPI so the move wasn't large. We tend to see similar things on CPI which often causes much larger (and slightly slower) whipsaw moves.