This step should be rather obvious. Therefore just try and figure it out. As long as you don’t align the knobs to horizontal, you shouldn’t have to repeat any steps save #4. So experiment
And then go on to The Final Step!!!
Hint#1: Turn the knobs!
Hint#2: Keep the 360 positioned so that the knobs are tilted ever so slightly off vertical. This keeps the ball trapped in the gateway.
Scroll down for the Spoiler.
Spoiler Solution Step Five: Just follow hints #1 and #2 at the same time and wala! Remember: to make a ball fall through a hole, point the top black knob towards the hole you want the ball to fall through (gee, isn't that direction getting a bit old???)