Create a new black background file in Photoshop, create a new layer, and apply the lens flare filter:

Press Ctrl+T to adjust:

Create another layer to apply the lens flare filter and press Ctrl+T to adjust:

Change the layer mode to Light:

Perform the above steps in the same way:

Flatten the layers and perform a wave filter:

Set layer style:

The settings are as follows:

Final effect:
