Let's start by creating a new file (File>New) that would have 1024x768 px and 72 dpi.
Using the Rectangle Tool (U), we must represent the background of the picture we want to get finally.
Apply the next demonstrated parameters by making a mouse click on the processed layer on the layers' panel: Blending Options>Gradient Overlay
Now we have to download out of Internet a set of ready to apply brushes for Adobe Photoshop, named fireworks1.
Create a new layer and use on it the Brush Tool (B) out of the set fireworks1 to represent a holiday fireworks of white color. Using the Free Transform selection, it's possible to work on the fireworks' shape:
The layer's parameters: Blending Options>Outer Glow
Using the Ellipse Tool (U), we can represent now an air balloon, colored with the next presented color - #DC1D25
Using the same method, we have to represent several more air balloons of different colors.
All the balloons' layers should have the next demonstrated layer's parameters:
Blending Options>Inner Glow
Take again the Ellipse Tool (U) to represent the highlight on the balloon.
The layer's parameters: Fill 0%
Blending Options>Gradient Overlay
Make eight copies of the last represented layer and choose Free Transform option to change the copies' sizes, depending on the balloons the highlights are reserved for:
Select now the Pen Tool (P) and try to add the tail for the balloon. This layer should be placed lower than the balloon's layer on the layers' panel. The color selected in this case is #990D10
Make three copies of the layer containing the balloon's tail, but select different colors for the new copies. The Free Transform option is helpful in changing the copies' sizes and their placement. Place the tails' layers reserved for the balloons lower than the layers of the balloons themselves (on the layers' panel).
Select the next parameters for each layer belonging to the tails. Blending Options>Gradient Overlay (for #990D10)
Blending Options>Gradient Overlay (for #EF8124)
Blending Options>Gradient Overlay (for #FCAA22)
Next we'll select the Pen Tool (P) and represent a kind of serpentine near the balloons. Applying a different regime for the Pen Tool (P), we can represent the loops of the serpentine, which shapes may be corrected with the Convert Point Tool.
Using the same tools and the same methods, try to make two more so-called serpentines and insert them on our picture:
Apply the same parameters indicated below for each serpentine's layer: Blending Options>Gradient Overlay
Choose next stage the Custom Shape Tool (U) to draw a small star, colored with the next indicated color - #D7E6FD
The layer's parameters: Blending Options>Stroke
Make a lot of copies of the last made layer reserved for our small star. Then select the Free Transform option to change the copies' shapes and sizes as it is presented below. We have to change also the parameter Blending Options>Stroke on the copies for changing the contour's size inside the stars figures.
Write now the New Year data, keeping the demands from the table presented next:
Click to enlarge
The picture is finished!
Download Brushes here.