Another ptII plot conspiracy theory
There's no assurance any of this will be correct, but read at your own discretion.
Something Neil Druckman said was that part 2 would be about hate as a central theme. Another quote from co-writer Halley Gross said that the game would deal with cycles of violence.
A thought I had was that Ellie would come into conflict with the trio we saw in the second trailer. One of them is mentioned to have been "one of them." Them being the seraphites. Ellie is hunting all of them down, likely in the revenge spree conveyed in the first and third trailer. It could be that she's hunting the hanging lady because of her role in early events.
So long story short, we could be alternating between two story trains on a fateful collision course. Ellie being a Nemesis/SAX boss fight from their perspective. Both sides sympathetic and the violence they resort to costing both sides dearly.
Putting you in an active role on both sides of the conflict would be a pretty powerful storytelling device - something games are uniquely suited to tell. Anyone think this is possible? If not, what do you think the role is of the siblings and the hanging lady?