What I notice with that is the same pattern being sent repeatedly, but alternately inverted.
A long "low" appears to be a sync marker (5A 5A or A5A5, depending on polarity). The next block with the pattern of fast transitions a framing code to define the start, then about 40 - 42 bits of data before the pattern repeats inverted.
It's not manchester coded, just straight binary as far as I can work out, as a single long burst.
Manchester must have a transition every one or two timeslots, like in the sync section - but that does not carry on in to the data.
It's also not RS232 format as there are no regular stop/start bits (& that does not work inverted anyway).