double bottom revers pattern

FA: 1. Thur. the unexpected increase of Feb home sale couldn't boost the market further, which indicates the market itself might be saturated with good news
2. Oil price will be a concern with Iran issue comes into play

TA: 1. the target of the W pattern has been reached, and a possible lower low and lower high downtrend channel is forming!
2. in a long term the correction hasn't done yet, until all indices touching weekly EMA200, and also only 3 weeks duration for this so-called correction is unusally short.