The interpretation of this dream symbol may vary depending if the arrow was a tool or a weapon, or a sign pointing direction. Dreaming about an actual arrow may have a range of meaning that includes swiftness, powerful and speedy intuition, mental alertness, precession, illuminating thoughts, and, last but not least, it could be a phallic symbol. To interpret the dream, consider its setting, context and emotional tone. Then, attempt to connect and apply the suggested symbolism to your current situation or state of mind.