1. Creat a 500x500 file, RGB mode, white background, foreground : black, fill background with black
2. apply filter ---> render ---> lens flare, brightness: 100, lens type: 50-300mm Zoom
3. Ctrl+B (color balance), set cyan to -100, Blue: 100
4. then press Ctrl+M (Cruve), adjust the curve line , see diagram below:
5. apply filter --> distort --> wave, number of Generators: 6, wavelength Min. 60, wavelength Max. 100, amplitude min. 1, amplitude max. 57 (you might want adjust it to get something like this)
6. duplicate background, CTRL+I inverse the color, then CTRL+F to repeat the wave filter a few times, set the blending mod to Difference. play around with colors
More Tutorials: 
