Final Image Preview

Create a new document (Ctrl+N) in Adobe Photoshop CS5 with the size 1280px by 1024px (RGB color mode) at a resolution of 72 pixels/inch. Use the Paint Bucket Tool (G) to fill with #011423 color the new background layer. 

Find a stock photo with a model represented on it, I used this photo from deviantart. I would like to thank the author of this photo, or if you prefer, you can substitute similar image of your own.

Remove the background using your favorite tools like Pen Tool (P), Magic Wand Tool (W), Magnetic Lasso (L) or even a simple Filter>Extract and insert it on a new layer in our main document.

Make sure the ellipse’s layer is active and click on the bottom part of the Layers panel on Add layer mask icon. Select the Soft Round brush of black color from Brush Tool (B).
Use this brush to paint in the mask to hide the ellipse’s edges, exactly the way shown below:
Create a new layer and use on it the Elliptical Marquee Tool (M) to represent a elliptical selection inside of which we’ll paint with Soft Round brush (click several times on the central part of the selection), choosing the color #EFDB84 (Flow - 50%)
Let’s create a clipping mask. Hold down Alt (Windows) or Option (Mac OS) and click between layers (on the Layers panel).
 We’ve got the next result:
Change the Blending mode for this layer to Linear Light.
On the next new layer we’ll select the Soft Round brush.
Use this brush to make darker the girl’s hair, using the color #0E0C0C.
 Let’s create a clipping mask. Hold down Alt (Windows) or Option (Mac OS) and click between layers (on the Layers panel).
 We’ve got the next result:
Create a new layer and choose the Soft Round brush.
Use this brush to represent this time three spots:
Let’s create a clipping mask. Hold down Alt (Windows) or Option (Mac OS) and click between layers (on the Layers panel).
We’ve got the next result:
Change the Blending mode for this layer to Hard Light.
Let’s create a clipping mask. Hold down Alt (Windows) or Option (Mac OS) and click between layers (on the Layers panel).
We’ve got the next result:
Select Create new fill or adjustment layer from bottom part of the Layers panel and click to Curves to adjust the curve shape as shown to make a little color corrections.
We’ve got the next effect:
Let’s create a clipping mask. Hold down Alt (Windows) or Option (Mac OS) and click between layers (on the Layers panel).
We’ve got the next result:
Select once again Create new fill or adjustment layer from bottom part of the Layers panel and click to Curves to adjust the curve shape as shown to make a little color corrections.
We’ve got the next effect:
Let’s create a clipping mask. Hold down Alt (Windows) or Option (Mac OS) and click between layers (on the Layers panel).
We’ve got the next result:
Create a new layer and select the Soft Round brush to paint the girl’s legs with the color #001426.

Create one more new layer and use here the Paint Bucket Tool (G) to fill it with the color #011423.
Change the Blending mode for this layer to Color Dodge.
Next select again the Ellipse Tool (U) to draw a small ellipse:
Make sure the ellipse’s layer is active and click on the bottom part of the Layers panel on Add layer mask icon. Select the Soft Round brush of black color (Opacity 10%).
 Use this brush to paint in the mask to hide the ellipse the same way as on the picture below:

Make a copy of the last made layer and select Free Transform (Ctrl+T) command to make the copy smaller and place it the same way demonstrated next picture.
Represent another ellipse.
Make a copy of the last made layer and choose the Free Transform (Ctrl+T) command to scale the copy and to place it the way from below:
Create a new layer and choose the Soft Round brush.
Use this brush to paint those two ellipses with the color #78002A (Opacity 50%).
Change the Blending mode for this layer to Color Dodge.
Next we’ll use the Ellipse Tool (U) to represent another ellipse:
Make sure the ellipse’s layer is active and click on the bottom part of the Layers panel on Add layer mask icon. Choose the Soft Round brush of black color (Opacity 30%).
Use this brush to paint in the mask to hide the inside part of the ellipse.
Take the Ellipse Tool (U) again and draw one more ellipse:
Make sure the ellipse’s layer is active and click on the bottom part of the Layers panel on Add layer mask icon. Select the Soft Round brush of black color (Opacity 30%):
Use this brush to paint in the mask to hide the inside zone of the ellipse.
Next we’ll apply again the Ellipse Tool (U) to represent more ellipses, the same way we did before (insert the mask and hide their inside zones using Soft Round brush).
Represent another ellipse.
Make a copy of the last made layer and choose the Free Transform (Ctrl+T) command to place the copy as on the next demonstrated picture:
Add a new ellipse using Ellipse Tool (U).
Click on Add a layer style icon from bottom part of the Layers panel and select Drop Shadow.
We’ve got the next effect:
Make a copy of the last represented layer and select the Free Transform (Ctrl+T) command to change copy’s sizes and its placement. Add layer mask for the copied layer and hide its inside part, applying the Soft Round brush.
Next we’ll continue representing the ellipses, applying the Ellipse Tool (U) and hide them smoothly with the Soft Round brush the same way we did with the previous ellipses:
Click on Add a layer style icon from bottom part of the Layers panel and select Drop Shadow.
We’ve go the next result:
Next we have to rasterize the ellipse’s layer, the pointer indicates on it:
… and select for the rasterized layer next option Filter>Blur>Gaussian blur
We’ve got the next result:
Set Fill to 65% for this layer and change the Blending mode to Hard mix.
Continue representing the ellipses, applying the Ellipse Tool (U).
Make sure the ellipse’s layer is active and click on the bottom part of the Layers panel on Add layer mask icon. Select the Soft Round brush of black color (Opacity 30%):
Use this brush to paint in the mask to hide the ellipse content to get the same effect as the next one:
Continue representing the next ellipse, applying the same Ellipse Tool (U).
Add layer mask and choose the Soft Round brush of black color (Opacity 30%):
Paint in the mask to hide the ellipse content, getting the same effect as below:
This way we have to represent one more ellipse:
Now we have to insert the layer mask on the layer the same way we’ve already described above and hide the ellipse content with the Soft Round brush of black color (Opacity 30%).
Create a new layer and choose the Soft Round brush to get a highlight of blue color (Opacity 10%).
Create the next new layer, applying here the Soft Round brush of white color (Opacity 20%) to add the last highlight.
Select Create new fill or adjustment layer from bottom part of the Layers panel and click to Curves to adjust the curve shape as shown to make a little color corrections.
We’ve got the next effect:
The final picture!