It's the one nearest the red knight, in fact the ring is where you helped Ostava (or whatever his name is), but you can only get to it by jumping over the balcony (there's a soldier there who throws a flame touch at some barrels in front of you).
this reminds me of a sorta glitch with this game. Some areas with exactly the same wall/barrier height you cant climb over and yet some you can. And i tell you its tricky because you have to run at the ledge to climb up it. Double the fear factor when its in places like Latria where one tiny slip or wrong movement and you fall to your death.
Heading back into DS - had a 2 day break of it

main focus is to farm 4-1 . Find the white bow and find the avarice ring wherever they are

btw where do i find dragon stones ? For the dragon sword (+3 atm)
wait wait,.... i think i can get a white bow from Mr Crow if i am not mistaken.

after ive upgraded a little time for boss of 3-1 methinks and then hopefully that will open up 1-3 for me