Basic Reflection

Step 1

Create a new document 200x100px, fill the background with #1e1e1e. Add some text, or an object.




Step 2

Duplicate your text (or object) layer and Edit > Transform > Flip Verticle, move it below your first text layer. Rasterize type. Edit > Transform > Perspective, holding down Alt on your keyboard, drag the bottom right corner to the right a bit. Lower the opacity to 20%.