Upright meaning
The yew, greenest in winter, and the bow made from it. Endure, keep your aim steady, and release only when the moment is right.
Reversed (merkstave)
Ýr looks the same either way up, so it has no reversed meaning. Read it upright every time.
A question to sit with
What are you aiming at, and are you ready to let go of the string?
Its ætt
Ýr belongs to Tyr's ætt, the runes of people, honour and what you inherit and pass on.