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Then start to paint indentation on the jacket. Use #361b0c, for its shadow use multiply blending, and for its highlight use screen blending. See image below for reference.
Add shadows for the white part of cuff.
And add highlights for the black part.
For the hand, paint the shadow using #ebbda1, #d69e7b and c27545 with multiply blending. Then paint its highlight using #ebbda1 with screen blending.
Next go to the legs, add only the highlight using #2a2a2a and #555555 with screen blending.
Double click on the Background layer to turn it into plain layer. Set foreground color to #4e606e and background color to white. Then go to menu Filter > Render > Clouds. To make the clouds background sharper, hold "Opt/Alt" when you access the menu filter. And you have to hold your left click while you hold "opt/Alt".
Just like this, hold your "Opt/Alt" key, then put your cursor onto menu Filter, then click and hold, move to Render > Cloud, release your click. Your clouds result will be sharper.
Add layer style for this clouds background, that is Gradient Overlay. Enter following settings shown on image below.
Paint the shadows under the pirate on new layer behind legs. Note that there are two shadows here. First, the thinner shadow, it is wider and softer. And the second one is the thicker shadow, it is closer to the legs. Paint them all with soft black.
Go to the uppermost layer, then create a new layer (Cmd/Ctrl + Shift + N) above it. Set the background and foreground color to default black and white by pressing "D". Then add clouds using menu filter like before. Filter > Render > Clouds.
Set its blending mode to "Screen" then reduce its opacity layer to 75%. Add layer mask by clicking layer mask icon on layer palette. And then use Brush Tool (B) with soft round brush, 0% hardness and black color to mask the upper parts of the image.