
Click Here: For Video Tutorial!!!
Part 1: (The Circles)
1) Make sure your Foreground, and Background colors are black and white.
2) Select your gradient tool, and change the shape to Radial and the repeat to Triangular Wave.
3) Now give that layer a small gradient.

Part 2: (The Effect)
4) Duplicate the layer, and add another gradient to that
5) Then change it's layer mode to Difference.

Part 3: (The Coloring)
6) Create a new layer, and fill it with whatever color you'd like.
7) Now change it's layer mode to Overlay.

Final Result:

Member Results:
Oregonian

2-ton

xsamx

Silvertayl

Mokonafanxox

jolie

lylejk

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