"The bronze Arkalochori Axe is a second millennium BC Minoan votive double axe excavated by Spyridon Marinatos in 1934 in the Arkalochori cave on Crete which is believed to be part of a religious ritual. It is inscribed with fifteen symbols. It has been suggested that these might be Linear A, although some scholars disagree. The axe and the Phaistos Disc are conserved in the Iraklion Archaeological Museum."
I believe the Arkalochori Axe is inscribed with the same syllabic script used on the Phaistos disk. The differences are only stylistic, the hieroglyphs in other words are a bit simplified/sketchy. Using thus the Phaistos disk phonetic values we can read the Arkalochori Axe text.
I have updated my site to include one section on the Arkalochori Axe translation: