Polar Alignment
At this point your mount is set correctly for up and down motion. The third step is to twist the mount left or right to point its Right Ascension Axis towards Polaris.  Now you can use the mount's fine controls to center Polaris in the main cross hair of your mount's Polar Alignment Scope to complete the quick and dirty polar alignment.
For a better polar alignment, twist the Polar Alignment Scope so that the reticle's line joining the main cross hair, and the offset circle falls along the yellow colored imaginary line in the sky between Polaris and Kochab.
Using the mount's Right Ascension and Declination controls, migrate Polaris down into the center of the "offset circle.  Your Equatorial mount now has its Polar Axis centered on the true North Celestial Pole.
Now your Equatorial Mount is Polar Aligned well enough to hold a star on station for 20 minutes, and well enough to use its "setting Circles". Reset to sky view.