I really love the whimsy you capture in this, even with the quasi-monotone color scheme you chose. The control over your (what I assume is) watercolor is very well done (I avoid watercolor like the plague because I could never have your control!). My only critique is that, at first, it was difficult to separate each entity from another. Also, I'm not quite sure what or who the figure at the top represents - the assumed emotions that I perceive from her conflicts with her position of power over the tri-tete monster (why or how would such a person be in control of this monster while throwing, what looks like, a peace sign?).
Concerns aside, I really love your piece. You have a lot of technical talent and a creative eye .