Arsenal still have a chance, but it's obviously very tough because they are not only required to play well consistently, but they also have to hope that Liverpool will struggle in the following games. But if Arteta can be realistic, then it would be better if they quickly waved the white flag in the EPL race, so they can focus on other competitions (eg, the Champions League), and that might increase their chances there.
Man, I'm quite sure even Arteta and the chairman wouldn't believe that they have a chance for a Premier League title anymore. Let's face the truth.

From now on the biggest thing Arsenal can do is to secure the 2nd position. Normally they are in a comfortable place now but who knows... If they continue not to score in games then they will surely lose this position as well. They should be thankful for Forest's poor form these days.

Forest are also very inconsistent. In one game they score like a machine, in another they screw up big time.
Recently Bournemouth were one of the teams I liked to watch but not anymore. They also started to mess up but still nice work done before.
I don’t see a chance of Arsenal coming back into the title race this season. I think this post is just his way of consoling Arsenal supporters and encourage them not to give up and continue watching and streaming their club games. It is over for Arteta and Arsenal this season, Liverpool should be given the title already.