Elastic reflection waveform inversion (ERWI) utilize the reflections to update the low and intermediate wavenumbers in the deeper part of model. However, ERWI suffers from the cycle-skipping problem due to the objective function of waveform residual. Since traveltime information relates to the background model more linearly, we use the traveltime residuals as objective function to update background velocity model using wave equation reflected traveltime inversion (WERTI). The reflection kernel analysis shows that mode decomposition can suppress the artifacts in gradient calculation. We design a two-step inversion strategy, in which PP reflections are firstly used to invert P wave velocity (Vp), followed by S wave velocity (Vs) inversion with PS reflections. P/S separation of multi-component seismograms and spatial wave mode decomposition can reduce the nonlinearity of inversion effectively by selecting suitable P or S wave subsets for hierarchical inversion. Numerical example of Sigsbee2A model validates the effectiveness of the algorithms and strategies for elastic WERTI (E-WERTI).