Create a Spectacular Style Text Effect
On the same layer we shall use the Dodge Tool (O) to draw several highlights.
Set the next shown parameters on the top layer containing the letters. Blending Options>Gradient Overlay
Choose the Line Tool (U) to create the vertical lines of white color, showing the edges of the voluminous letters.
Select the Pen Tool (P) now for drawing a band of black color, applying after that the Convert Point Tool for making the appropriate corrections on its shape.
The layer’s parameters: Blending Options>Gradient Overlay
Using the last applied tools, it’s possible to draw one more band, like the one from next image: