C. Let's take the Challenge Directions: Which phase of the menstrual cycle is being explained by the statements belows it menstrual phase, follicular phase, ovulation phase or luteal phase? 5. A new egg cell starts to mature within the ovary. 6. The mature egg is released. 7. The process of fertilization may take place. 8. An egg in the ovary continues to mature. 9. The next menstrual cycle is then about to begin.