Open a new file with 450×470px and 300 dpi. Using the next instrument

, insert the background also (the colors’ codes are indicated).

Take the next tool

to mark out the same places like in the picture below. Apply the same sizes. After that choose the next tool

, holding on the Alt button and create several openings, like in the next image.

Blending Options-Drop Shadow

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters.

Take the following instrument

to insert a circle that must have the sizes form the lower image. Then choose the same tool

and keeping pressed the Alt button, picture an opening also, like it is demonstrated next step.

Blending Options-Drop Shadow

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters.

Copy this new made layer and make use immediately of Free Transform option to minimize it. Then choose the next tool

and press on Shift button to represent a rectangle inside it, the same way it is shown next picture.

Apply the following tool

to represent a circle with the parameters form below. Choose again the same tool, but this time press on Alt button to represent an opening like the next one.

Blending Options-Drop Shadow

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters.

Apply the last instrument

to picture a circle with the sizes shown next step.

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters.

Copy this new represented layer and place it out the same way it is done below.

Make use of a new instrument now

to create the next element of our composition. It must have the parameters form the next image.

The Opacity must be of 30% on the layers.
Blending Options-Gradient Overlay

Gradient’s parameters.

Copy the new made layer and apply Free Transform selection to turn it around. Place it like exactly like the picture fromm below shows it.

Using the next tool

, insert the next figure of the composition, keeping the same shown sizes.

Blending Options-Drop Shadow

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters.

Copy this layer and apply Free Transform option to turn it also around. Don’t forget about its placement.

Make use of another instrument now

and represent the next circle with the sizes demonstrated below.

Blending Options-Inner Shadow

Blending Options-Inner Glow

Gradient’s parameters.

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters.

Take the next instrument now

and introduce in our picture a rectangle with the sizes from next image.

Blending Options-Gradient Overlay

Gradient’s parameters.

Using the next tool

, insert a new rectangle now with the parameters from next step.

Blending Options-Gradient Overlay

Gradient’s parameters.

Apply again

tool and picture the necessary circle. Choose then the same tool, but keep pressed this time the Alt button to introduce another opening in our picture.

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters.

Apply the previous instrument again

to picture the next circle. It must have the parameters from next image.

Blending Options-Gradient Overlay

Gradient’s parameters.

Copy the new made layer and apply the parameters from next step.

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters.

Take next tool

and introduce one more circle that is of next parameters.

Blending Options-Gradient Overlay

Gradient’s parameters.

Keep using the same tool to insert another circle with the next sizes.

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters.

Take the next instrument

and build a line colored in 464646, like it is shown next picture.

Then merge down all the layers, composing this

in a group.
Copy the new made group and apply Free Transform selection to place everything out like in the next picture.

Using the next instrument

, picture another circle that must have the sizes demonstrated below.

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters.

Apply again the next tool

to build another line, colored in the same color with the previous one – 464646, exactly like in the picture below.

Merge down now all the layers, composing the next figures

in a group.
Copy the new made group and apply Free Transform selection to turn it around and place it the same way it is shown next step.

And the final result!