I hereby dub this the Ridley Scott's Prometheus Rule
https://en.wikipedia.org/wiki/Constant_bearing,_decreasing_r...
So, if you don't have any clues, and have a half second to make your choice, I suppose it's better than no rule of thumb, but I wouldn't rely on it as a primary technique.
It's also a real problem for certain intersection angles where vehicles or bicycles with unfortunate timing will be obscured behind the A-Pillar until nearly too late. There was an article (iirc) on HN years ago about just such an intersection repeatedly injuring/killing bicyclists. I once had to seriously threshold brake at an off-angle intersection to avoid a fire truck running a red light, when the timing/speed/distance/angle all lined up to hide the entire truck behind the A-Pillar for a few seconds approaching the intersection.
If when looking up, the object has an apparent motion (left/right/back), it won't hit you, and certainly don't move in the direction it appears to be moving. If it appears stationary in the sky, it WILL hit you or very close, so move fast. Best default strategy with limited time & options is to hug the rock face, especially under an overhang.