HI - I have an orchid in a pot which has stopped flowering now. The "care instructions" say cut back to just above the eye. Where is the eye????

The plant is small, three fleshy leaves at the base, one 12 inch stem with no buds, then it forks into two zigzagging branches, each with flowers (or now just the nodules where the flowers were) about every inch.

IS the "eye" one of these nodules or is it the point where the stem branches? If i cut it back to the point where the stem splits, there will be nothing but a bare stem left???? where will next years growth / flowers come from?

thanks!!!