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__|
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.
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.