step 1 of 11
At first take this source image and black background...
step 2 of 11
...change curves like this...
step 5 of 11
...play with free transform and warp modes...
step 7 of 11
...now go to clouds and do a smoke effect...
step 8 of 11
...change color with hue...
step 10 of 11
...pretend and do this and move to position...
step 11 of 11
...free transform,change curves,use hue,add shadows and some blur when you need.
Done.