As I understand it, the basic phrase
"the day of the Lord" can refer to any of the following (depending on the context): the entire 7-yr tribulation period, the second half of the trib, the end of the trib (and in some cases, I believe, even to the Millennial Kingdom).
The phrase "the
great and terrible [dreadful] day of the Lord," on the other hand, is (I believe) referring to the second half of the tribulation period (at any rate, it is not referring to the BEGINNING of the 7-yr tribulation period), so therefore, Malachi 4:5 is not about the beginning of the trib, but some point future to that (either at approx. mid-trib, or at some point during the second half of the trib...
I tend to believe "the great and terrible [dreadful] day of the Lord" is referring to the second half of the trib).
See also, Joel 2:11, Joel 2:31, Acts 2:20, Matthew 24:21, Jeremiah 30:7, Zephaniah 1:14, and
then also Zephaniah 2:3
for context along with that last one... ["It may be ye shall be hid in the day of the Lord’s anger" - Zeph 2:3] which I believe refers to the Remnant of Israel being "hidden [protected]" during the second half of the tribulation period (1260 days - Rev 12:6, Rev 12:14).
So, it is my understanding that "Elijah" will come to
them at some point during the middle of the tribulation period (
which, IMO, may occur at the time of some future Passover, about 1260 days after the beginning of the tribulation period).
Here's a brief quote from Hebcal, regarding Elijah and the Passover meal:
"The third cup of wine is poured, and birkat ha-mazon (grace after meals) is recited. This is similar to the grace that would be said on any Shabbat. At the end, a blessing is said over the third cup and it is drunk.
The fourth cup is poured, including a cup set aside for the prophet Elijah, who is supposed to herald the Messiah, and is supposed to come on Pesach to do this. The door is opened for a while at this point (supposedly for Elijah..."). See also, the Lord's 7 "I will's" in Exodus 6:6, 7, 8, 9; Malachi 4:4, 5, 6 (the verses before and after Malachi 4:5).
It seems to line up well with Daniel's day-amounts, IMO.
That's how I see it.
Hope that helps.

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