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Techno-wave Effect:
First, open a new document (Ctrl+N), and make the new document 800x800
pixels, in RGB color. Keep the resolution at 72 dpi. Once the new document
comes up, hit "D" to reset the foreground and background colors.
Then hit Alt+Backspace to fill the selection with black.

Now go to Filter>Render>Lens Flare, and leave the
settings as they are. Using your mouse, position the lens flare in the
center of the selection like this and hit OK. Your image should now look
like this:

Go to Filter>Stylize>Extrude and make your settings
Type: Pyramid, size: 30 pixels, Depth: 255 Random. Hit OK. Now hit Ctrl+F
to apply the filter again. Your image should look like this now:

Now go to Filter>Distort>Polar Coordinates and leave
the default settings. Click OK. Go to Filter>Blur>Radial Blur and
change the amount to 35 and leave the rest of the settings alone. Now
go to Image>Adjustments>Auto Contrast. Your image should now look
like this one:

Go down to the layers pallet and create a new layer . Change
the Blending of the new layer to "Color". Select a light blue
(or any color you wish - light colors work best) from the color pallet.
I used #00BFF3 below. Fill the new layer with the light blue (Alt+Backspace).
Your image should now look like:

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