One of the more outlandish examples is from Freud, who thought that the arrow was symbolic of the male member and it’s skill of penetration. Therefore, when you had a dream about an arrow, in Freud’s world, your success with which you were able to hit the target or handle the arrow was indicative of how good you were at performing sexually. While this may very well be what you are dreaming about, for most people this interpretation does not seem to apply.
Another interpretation of the arrow is that it is a vehicle of success. Your targets are the areas that you want to get to in life, the goals that you have for yourself. When your arrow is lifted to pierce one of those targets, it is symbolic of you trying to reach for those goals. You want to be able to attain a higher level than the one that you are already on and you want to be able to reach goals that you have not been able to reach before. You are aiming for your goals in this dream. The only question left to ask is, how well did you do?
If you are hit by an arrow in your dream, this shows that you feel as if you have been exposed. There are feelings of tension or uneasiness surrounding you and you need to get over them if you want to reach your goals. A good way of dealing with this kind of dream is to simply be more flamboyant or more extrusive in your daily habits. This will conquer your fear and uneasiness that you have that is associated with exposure.
If you have a dream where you are seeing a two headed arrow for some reason, then what this would symbolize would be two diverging paths. These could represent physical paths, two different diverging modes of thought, or two philosophical choices that you will have to make in the future. Do any of these interpretations apply to you? Alternatively it could represent two different decisions that you need to choose from.
If you break an arrow or see a broken arrow in your dream, this shows that your goal or your path in life has been broken a bit. You have been slightly torn asunder from where you were before and you need to get back to a more comfortable point if you want to be happy in life. This broken arrow could represent a destroyed romantic relationship, a severed business relationship, anything that would take you in a negative direction in life, pretty much. The broken arrow may also represent a changed decision or opinion. Have you had a breakthrough in the way you thought about a certain issue? If so then the broken arrow may be a good sign. You have made progress.