Cutting yourself off or away from someone or something (see Knife). Fear of losing one’s job (e.g., “getting the axe”).
Two-headed axe (the Labrys): Duality. A choice or situation that has two distinct edges, one of which may not be known. It can also be a symbol of feminine power.
Being executed by: Punishment or judgment for something about which you feel morally awkward or ashamed.
In ancient Israel, people used axes in divinatory rights. This may be how the phrase “see where the axe falls” originated. In this context, if the axe lands at your feet, or you take one in hand, it reveals a latent prophetic ability or, on a less lofty level, good instincts.