The second technique that follows inviting a thrust begins with jamming your false edge under the opponent’s sword while taking a step to the opponent’s left with your left foot. I have interpreted this as a Kron-like parry.
Cutting the Leg
This is followed by stepping further to his left with your right foot. In this tempo you’ll cut his left leg and while allowing your left leg to fall behind.
As promised, Manciolino then tells us to finish the technique by returning to the initial guard. This requires pulling the right foot back and making a half-turn of the sword.
This is a basic interpretation. I’m happy with the bladework, but the footwork needs refinement.