Upright
Hidden enemies, danger, calumny, darkness, terror, deception, occult forces, error.
Reversed
Instability, inconstancy, silence, lesser degrees of deception and error.
Reflection
Light
Enjoying healthy fantasies and daydreams
Using your imagination
Practicing magic or celebrating the magic of everyday life
Attuning yourself to the cycles of nature
Embracing the unknown
Shadow
Becoming unable to separate fantasy from reality
Suffering from delusions
Losing your appreciation for the fantastic or magical
Adopting a ruthlessly logical mindset
Failing to appreciate life's mysteries
Symbolism
The distinction between this card and some of the conventional types is that the moon is increasing on what is called the side of mercy, to the right of the observer. It has sixteen chief and sixteen secondary rays. The card represents life of the imagination apart from life of the spirit. The path between the towers is the issue into the unknown. The dog and wolf are the fears of the natural mind in the presence of that place of exit, when there is only reflected light to guide it.

The Fool
The Magician
The High Priestess
The Empress
The Emperor
The Hierophant