One can really feel how cold it must be in this forest. Yet I have to wonder what this "child" really is. The simple shapes make it look somewhat non-human which just improves the spooky and intimidating mood of the portrayed scene. I really like the use of wind on the snow here.
I love the frosty atmosphere of the setting, especially the snow blowing by, and some on the branches. Over all it gives an ominous feeling of doom as the character in the picture confronts a frightening looking wolf.