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[3] Create a new shape with Elliptical Marquee Tool.

 

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[4] Now hit the delete key then “D” select.

 

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[5] Take the Rectangular Marquee Tool create a shape like me.

 

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[6] Double click the layer to open layer style window. Apply settings as shown.

 

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[7] Create a two more shape use the same layer styles.

 

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[8] Create a shape with Ellitpical Marquee Tool, fill that layer with #abb5fa.

 

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[9] Go to Select>Modify>Feather use these values.

 

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[10] Then hit the delete key.

 

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[11] Double click the layer to open layer style window. Apply settings as shown.

 

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[12] Take the Brush Tool use these settings.

 

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[13] Play with your brush tool.

 

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[14] Select the bubble and brush layer merge both the layers Duplicate the layer a few time and place it like me.

 

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[15] This is my final result.

 

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