Arms in natural position. You can also Weave the Ring the wrong way around with men traveling clockwise and ladies traveling counterclockwise. As you meet each person, turn slightly to face them and make eye contact. A nod and a smile are also nice touches. Ladies can work both sides of their skirt.
Men can Weave the Ring with both hands behind their back or hanging naturally at their sides.
The left hand dancer backs up while the right hand dancer moves forward. The pivot point is the handhold between the two dancers. Same as in Couple Promenade. Wheel Around is used mainly in prompted dances or from a Promenade in square dancing.