Can we talk about Targeting for bit?

This the second segment of a series inspired by this thread here:
Am I that bad?
https://www.reddit.com/r/EliteDangerous/s/jxiIJt5Tsy

The comments I read there had a massive impact on my combat ability so now I'd like to get a bit more specific.

The three pics…

What are we looking at here? I broke it down into elements 1,2 and 3.
I'm trying to figure out what a locked target actually looks like.
How do I use this information? What do these things mean/represent?

Pic A: I just selected the target but I'm pretty far away. This part I kinda get.

Pic B: I'm closer and my "element 2" is now on the element 3 that's leading the target. I'm shooting AND hitting but my "element 1" isn't on the the other 2 elements. So what's the point in all this crap bouncing around my screen?

Pic C: Is this a lock? Should I shoot now? Other games make it clear when a target is locked but this isn't clear to me.

Please advise.

Gamer

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