The answer to this puzzle is a two-word phrase.
Note: It's not super precise, but with the help of the title and spotting some pattern, it should be solvable. Good luck!
< v< > ^> ^> ^> v v >
> v< ^< ^< ^< v ^> ^> ^
^ v< ^< v< > < v> ^> <
< v< v> v< v> v> v> ^> ^
^>
_ _ _ _ _ _ _
|P E G D I N O H Q|
|M T C A R X A L C|
|D N R S A L E D G|
|Q I O N I T C I Z|
|__ __ __ __ __R__|
Hint1:
Not everything is relevant, some are just there to confuse. Count everything you see (I really mean everything), and you'll hopefully see what's relevant.
Hint2:
If you look at the characters(on top), there are two different types. Focus on one of them only. And like I mentioned before.. count.