To solve this problem, we need to find the pattern or sequence among the given figures and determine which figure should replace the question mark (?).

Let's analyze the sequence step-by-step:

Observe the direction of the arrow in each figure:

• First figure: The arrow is pointing to the right.
• Second figure: The arrow is pointing upwards and to the right.
• Third figure: The arrow is pointing downwards and to the left.
• Fourth figure: The arrow is again pointing to the right.

1. Notice the position and number of stars in each figure:
   • First figure: One star at the bottom right.
   • Second figure: Two stars at the top right.
   • Third figure: Two stars at the top right.
   • Fourth figure: One star at the bottom right.

From the observations, the pattern in the arrow sequence appears to alternate between right and angular positioned arrows. Also, the pattern in star position alternates between a single star and two stars.

Based on the sequence, the missing figure should have the following characteristics:

• The arrow should point upwards and to the right, continuing the alternation.
• There should be two stars, positioned at the top right.

Therefore, the correct figure to replace the question mark has an arrow pointing upwards to the right and two stars at the top right.