Flarm Target direction

Earlier in the year I had a close call, the Flarm was going off with multiple targets most of which I could visually identify. One I did not see, we both had to turn sharply left to avoid a straight on collision.
Apparently Flarm calculates the potential collision taking into account all directions of movement including turn radius. If I had the Flarm view on the S100 set to the correct zoom I most likely would have picked up the circling glider heading my way. Same possibly goes for the other glider.
Accepting the Flarm view may have shown the exact position of the target, when it switches to the warning mode is it still pointing to the target or the potential collision point?
To clarify I was flying straight and level the target was in a thermal, probably banked 30deg turning left.
Cheers
Anton L