How to level shift 5V logic to 3.3V logic for adafruit OLED display?

I need my Arduino uno to send sensor data to be displayed on my my adafruit OLED display through SPI. What do I need to do convert the Arduino's 5V logic to 3.3V logic for the OLED display? Adafruit sent a CH4050BE level shifter to go along with the display but after wiring it up the way adafruit described, I got no result.

I do not understand the way to wire an arduino to the level shifter to my display.
Is their a certain wiring pattern for wires going into the shifter and out?
What does the wiring look like for connecting arduino to the level shifter to the display?

Are their better and easier level shifters that would also do the job?

Would something like this do the trick? http://www.amazon.com/Adafruit-8-channel-Bi-directional-Converter-ADA395/dp/B00NAY2BBY

Adafruit display: Monochrome 2.42 128x64 OLED Graphic Display Module Kit : ID 2719 : $39.95 : Adafruit Industries, Unique & fun DIY electronics and kits

Wired it up exaclty like in the adafruit tutorial:

Thanks!

Adafruit display: Monochrome 2.42 128x64 OLED Graphic Display Module Kit : ID 2719 : $39.95 : Adafruit Industries, Unique & fun DIY electronics and kits

Thanks!

So how did you wire up the CH4050 exactly?

I wired it up the same way the picture shows. Im very confused how the level shifter works and I don't understand why it should work the way the picture shows.

The 4050 when powered from 3.3V takes in 5V signals and outputs 3.3V signals.

"They have a modified input protection structure that enables these parts to be used as logic level translators which convert high-level logic to a low-level logic while operating off the low-level logic supply. For example, 15-V input pulse levels can be down-converted to 0-V to 5-V logic levels. The modified input protection structure protects the input from negative electrostatic discharge. These parts also can be used as simple buffers or inverters without level translation."

So, power from 3.3V as you seem to have done, and you should see 3.3V levels out.
Write a simple sketch to just drive the output pins you are using High and low for a couple seconds, you should be able to follow the outputs as 3.3V level signals with a multimeter.

Lustrousfiddle4:
I wired it up the same way the picture shows. Im very confused how the level shifter works and I don't understand why it should work the way the picture shows.

https://learn.adafruit.com/system/assets/assets/000/028/428/medium800/adafruit_products_2720_redo_top_demo_ORIG.jpg?1446671749

Can see clearly what voltage you have powering the CD4050, I don't see decoupling on the
chip either.