Experimental evidence on high-T c cuprates reveals ubiquitous charge density wave (CDW) modulations 1-10 , which coexist with superconductivity. Although the CDW had been predicted by theory 11-13 , important questions remain about the extent to which the CDW influences lattice and charge degrees of freedom and its characteristics as functions of doping and temperature. These questions are intimately connected to the origin of the CDW and its relation to the mysterious cuprate pseudogap 10,14 . Here, we use ultrahigh-resolution resonant inelastic X-ray scattering to reveal new CDW character in underdoped Bi 2.2 Sr 1.8 Ca 0.8 Dy 0.2 Cu 2 O 8+δ . At low temperature, we observe dispersive excitations from an incommensurate CDW that induces anomalously enhanced phonon intensity, unseen using other techniques. Near the pseudogap temperature T * , the CDW persists, but the associated excitations significantly weaken with an indication of CDW wavevector shift. The dispersive CDW excitations, phonon anomaly, and analysis of the CDW wavevector provide a comprehensive momentumspace picture of complex CDW behaviour and point to a closer relationship with the pseudogap state.With sufficient energy resolution, resonant inelastic X-ray scattering (RIXS) can be an ideal probe for revealing the CDW excitations in cuprates. By tuning the incident photon energy to the Cu L 3 -edge (Fig. 1a), the resonant absorption and emission processes can leave the system in excited final states, which couple to a variety of excitations arising from orbital, spin, charge, and lattice degrees of freedom 15 . Thus, information of these elementary excitations in energy and momentum space can be deduced from analysing the RIXS spectra as functions of the energy loss and the momentum transfer of the photons (Fig. 1a). This is highlighted by the pivotal role that RIXS has recently played in revealing orbital and magnetic excitations in cuprates [16][17][18][19][20] . In addition, RIXS provided the first X-ray scattering evidence for an incommensurate CDW in (Y,Nd)Ba 2 Cu 3 O 6+δ (ref. 4), owing to energy resolution that separated the quasi-elastic CDW signal (bright spot in Fig. 1b, limited by the instrumental resolution ∼130 meV) from other intense higher-energy excitations. Notably this quasi-elastic signal is asymmetric with respect to zero energy loss (Fig. 1c), which indicates the possible existence of additional low-energy excitations near the CDW wavevector (Q CDW ).In this work, we exploit the newly commissioned ultrahighresolution RIXS instrument at the European Synchrotron Radiation Facility to reveal these low-energy excitations near the CDW. We choose the double-layer cuprate Bi 2.2 Sr 1.8 Ca 0.8 Dy 0.2 Cu 2 O 8+δ (Bi2212), whose electronic structure has been extensively studied by surface-sensitive spectroscopy, such as scanning tunnelling microscopy 21 and angle-resolved photoemission 22 , and in which a short-range CDW order was recently reported 7,8 . With improved energy resolution up to 40 meV, we see additional features in the pre...