No you get it a bit wrong. When you unsafe the trigger, the waypoint marker will disappear and you get 2 new symbols , the ring and the point . But you need to fly low, around 100m , and have a correct QFE for seeing them. If you are too high, the symbols will move under your nose .
The ring and the point will move with you, so it stays fixed on your hud when you fly in constant high and constant speed.