The menstrual cycle is divided into four distinct phases in the following order:
Menstruation: The shedding of the uterine lining (endometrium).
Follicular phase: The development of ovarian follicles stimulated by follicle-stimulating hormone (FSH).
Ovulation: The release of a mature egg from the ovary, triggered by a surge in luteinizing hormone (LH).
Luteal phase: The corpus luteum forms and secretes progesterone to prepare the uterus for possible implantation.
Thus, the correct order is Menstruation, Follicular phase, Ovulation, Luteal phase.