Is the indicator-heavy approach becoming a crutch for many in US equities?

Been watching a lot of charts lately, particularly in the mid-cap space, and something keeps bugging me. It feels like an increasing number of market participants, especially newer ones, are relying so heavily on stacks of indicators – MACD, RSI, Bollinger Bands, you name it – that they're almost missing the underlying price action. I saw someone yesterday try to explain a move in $TOP (currently +5.86% at 11.29, from an intraday low of 10.61) purely through a cross on an obscure oscillator, completely ignoring the news catalyst that was pretty evident.

Now, I'm not saying indicators have zero value. They can provide context, certainly. But when they start dictating every decision, without truly understanding the volume profile, candle structure, or even just basic support/resistance levels, it feels like we're losing touch with the market's true language. It reminds me a bit of the early days of crypto, where complex indicators were often sold as the holy grail. Look at something like $CRV up 6.23% today at 0.226 – is its move genuinely best understood through an indicator crossover, or by looking at order flow and recent accumulation patterns? I'd argue the latter. Maybe it's just my bias, but I feel like clean price action analysis, augmented by macro and news, is still king. Convince me otherwise.