Fill 0% on the layers.
Blending Options-Gradient Overlay

Gradient’s parameters:

Make two copies of the new created layer and select again the Free Transform option to change each copy the way it is shown below:
The first copy:

The second copy:

Using the Ellipse Tool (U) we need to represent now a figure just for the necessary effect. Press firstly on the Shift button to represent the figure itself colored in 53B9DC.

Apply to this layer: Filter>Blur>Motion Blur

The new effect is possible to correct with the Smudge Tool (R) and the Eraser Tool (E).