Select the figure that will come next in the following figure series.

The logic followed here is;

Firstly, If we just observe the movement of Arrow, we can reach to our next (?) image

that, it's moving only two direction up and down without changing its arrow tip sides

Secondly, Now we observe the figures or shapes in the middle of big square,

In the first image it's Polygon then, Circle then, Triangle and in image 03 it's Polygon again.

So, now it should be Circle next

Now as we have observed, we have this image which will follow the same trend:-