Exception rule: Pluto conjunct North Node Question

In regards to Pluto conjunct the North Node exception (since there is no polarity point, and the soul's intention is to continue working on the evolutionary intent of the sign/house where Pluto is placed) - would it be correct to assume that the South Node in this circumstance corresponds to how the soul acutalized this intention of that Pluto in the past, and now the North Node how it will actualize that Pluto in the present life/future?). Thank you all for your guidance!