Applying the same tool, it’s possible to make three more decorations of different colors.



The parameter Blending Options>Outer Glow is the same for all decorations (the same with the red toy decoration)
1) The parameters for the blue ball decoration: Blending Options>Gradient Overlay



Gradient’s parameters:



2) The parameters for the yellow ball decoration: Blending Options>Gradient Overlay



Gradient’s parameters:



3) The parameters for the violet ball decoration: Blending Options>Gradient Overlay



Gradient’s parameters:



Next we have to represent the top part of the fir tree’s toy decoration, selecting for this operation the Rectangle Tool (U) and correcting its shape with the Convert Point Tool.



The layer’s parameters: Blending Options>Outer Glow



Blending Options>Gradient Overlay



Gradient’s parameters: