I don't think it is fair to call #metoo an overcorrection. An overcorrection would imply the pendulum swung too far in the other direction, and it just didn't.

There was one high-profile trial, of a man who was definitely guilty. A bunch of other accused people faced zero consequences. In total, the #metoo movement raised awareness and was dwarfed by its own backlash.

An overcorrection would be what people fear-monger about: men arrested for innocently holding doors open, etc. None of that happened.