Sort of but not really. Its possible to fold a dipole element back on itself to some extent and still have the ability to tune for resonance but its efficiency will go down the more you fold back and the closer spaced the folded part is to the original dipole. I don't know how to calculate that without building a model in EZNEC and seeing how it performs.
There is a general rule about shortening a dipole without regard to its impedance in that you can shorten a half wave dipole to about 70% of its resonant length and only loose about 1dB in performance. That would be feeding both the full length and shortened dipole with a high impedance balanced line with no loss and using a tuner at the radio when making the comparison. What your asking is a different twist on this.
Its not uncommon to use a simple loading coil to shorten an antenna but shortening one to half its original length is going to loose a lot of efficiency and also make it very narrow band. If a full size dipole might be useable across maybe 200KHz, one shortened considerably with loading coils might only be useable over about 50KHz.
You could always try it and report the results but it would be nice to have a baseline of a full size 1/2 wave dipole so you know how much it gets screwed up by folding back and shortening it.
Anyone ever try or know is it possible to take a dipole leg
Say 80m each leg is 68.5.... If I can't fit 68 feet can I take my 68.5 wire run it out half way at 34.25 feed it through a insulator and run it back towards center keeping the wire a total of 68.5 but tech only reaching 34.25?
Hope my thoughts made sense here.