The five elements of a short story plot are the following: exposition, complication/ incident, rising action, climax, falling action.
Exposition is the introduction of the story, when the characters and the setting are presented for the first time.
Complication/ incident is the main conflict of the story.
Rising action is the part of the story when the action begins.
Climax is the point of the highest action and it is also the turning point of the story.
Falling action comes after climax and it is the point when resolution of the main conflict takes place.