What does the red part of the compass on Google Maps indicate?

When Im on Street View, theres this compass thing in the corner of my screen. Does the red part of it mean that thats the direction Im facing? Because

When I'm on Street View, there's this compass thing in the corner of my screen. Does the red part of it mean that that's the direction I'm facing? Because when I drag left, it moves to the right and when I drag right, it moves to the left.

or:When I'm on Street View, there's this compass thing in the corner of my screen. Does the red part of it mean that that's the direction I'm facing? Because when I drag left, it moves to the right and when I drag right, it moves to the left.

Tags:direction,