There's alot going on here. The elf doesn't seem to be the focal point, imo. Perhaps tighten the shot to the base of the tree or move the elf to the foreground (like just behind the log.)
I find that the high level of contrast gives at an unnatural feel. I like the technique in a man-made situation, but don't personally enjoy it in a otherwise natural setting.
Gnome is pretty well lost in the leaves, initial impression is it's a little white smudge. Maybe could have gotten closer or zoomed in a bit more to bring out detail and strengthen the elf image.