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There is also another plot diagram that some use called Gustav Freytag’s Pyramid. This has the same 5 elements as above but adds two more for a more complete understanding of plot (this is mostly done in literature). It adds Inciting Incident and Denouement. Your 5 acts would be Exposition, Rising Action, Climax, Falling Action and Denouement. What is Denouement?
A denouement (pronounced day-noo-maun) is the part of the story just before the conclusion and after the climax. It is the winding down of a story. Where in the book the “Hobbit” Bilbo would be on his way home. The denouement is the resolution or outcome of a story. The winding down of a story is referred to as the falling action, which comes immediately after the climax. –Wiki.Answers.com
What is the difference between Denouement and Resolution? The Resolution happens when the character solves the main problem/conflict or someone solves it for him or her. The Denouement is the very ending. At this point, any remaining secrets, questions or mysteries which remain after the resolution are solved by the characters or explained by the author. Sometimes the author leaves us to think about the THEME or future possibilities for the characters.