Balkon
Ein Aussichtspunkt — nah am Leben, aber mit einem Schritt zurück.
A balcony in a dream is the dictionary's image of a vantage point on your own life. You are still in the house; you can see what is outside. The dream often appears when you have begun to be able to step back from your situation without leaving it.
Where you often see it. A balcony in a building you do not live in. Standing on a balcony at a party. The dream uses the balcony for a vantage point — close to your life but with a step back.
What it is not. A balcony is not full distance. The dictionary reads it as the small step back, not the full retreat.
Related in the dictionary. Read balcony with window, house, and any scene where the dreamer is watching a life they are still inside.